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HYTERRA LTD — Capital/Financing Update 2012
Aug 13, 2012
65084_rns_2012-08-13_d3b9e005-ab22-4be6-86ec-414d610724f0.pdf
Capital/Financing Update
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14 August 2012
The Manager Company Announcements Office Australian Securities Exchange Ltd Level 4, Exchange Centre 20 Bridge Street SYDNEY NSW 2000
Dear Sir/Madam
PLACEMENT OF SHARES
Triple Energy Ltd is pleased to advise that it has placed 37,500,000 ordinary fully paid shares at a price of $0.015 to raise $562,500, before costs of the placement.
The placement funds will be used to augment working capital and specifically to facilitate the investigation of potential new projects, including necessary due diligence and data purchases.
As previously advised, the company is in the process of evaluating a number of upstream oil and gas projects for potential acquisition. Any developments in this regard will be announced to the market in compliance with the company’s continuous disclosure obligations.
The placement was facilitated by Forrest Capital (“Forrest”) of Perth with the principles of Hong Kong based Mandalay Capital Group (“Mandalay”) participating in the issue.
Yours faithfully
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Paul Underwood Executive Chairman
CONTACT DETAILS FOR FURTHER INFORMATION:
Paul Underwood T: + 61 (0) 408 557 821 E: [email protected]
Triple Energy Ltd 88 Forrest Street COTTESLOE WA 6011 Mobile +61 408557821 Office +61 94672049 Email [email protected] Web www.tripleenergy.net