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STRIKE ENERGY LIMITED — Capital/Financing Update 2012
Jan 29, 2012
65876_rns_2012-01-29_648197c1-acfb-4a62-9fb8-af7cc68f8282.pdf
Capital/Financing Update
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Strike Energy Limited ABN 59 078 012 745 30 January 2012
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OUR STRENGTHS
• Quality Assets
• Experienced Team
• Major Growth Potential
Strike Energy Limited
Ground Floor, 10 Ord Street
West Perth WA 6005
T: 61 8 6103 0999
F: 61 8 6103 0990
E: [email protected]
www.strikeenergy.com.au
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The Company Announcement Officer, ASX Ltd via electronic lodgement
COMPLETION OF ENTITLEMENT OFFER
Strike Energy Limited is pleased to announce that the company’s 1 for 15 entitlement offer closed on Wednesday 25 January and was well supported, with approximately 70% of entitlements offered being accepted by shareholders.
In addition, the issue’s top-up facility has been substantially oversubscribed with applications for over 40 million additional shares compared to the entitlement offer shortfall of about 10 million shares. Shareholders that applied for additional shares will be allocated approximately one additional share for every four shares applied for.
Holding statements will be despatched on Wednesday 1 February.
I thank shareholders for their support and look forward to advancing the company’s key projects in the Cooper Basin and the Eagle Ford Shale in 2012.
Yours faithfully
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DAVID WRENCH Managing Director
Further information:
Strike Energy Limited
David Wrench – Managing Director
- T: 61 2 8261 1000 E: [email protected]
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Strike Energy Limited ABN 59 078 012 745 30 January 2012
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| STRIKE ENERGY LIMITED ENTITLEMENT OFFER & TOP-UP FACILITY | ||
|---|---|---|
| Entitlements on offer to Eligible Shareholders (1 for 15) | 31,055,636 | |
| Entitlements accepted by Eligible Shareholders | 21,087,023 | |
| Entitlement shortfall (including entitlements of non-Eligible | 9,968,613 | |
| Applications received for Additional Shares under the top-up facility | 41,438,337 | |
| Top-up facility over-subscription | 4.16 times |
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