VOLT GROUP LIMITED — Share Issue/Capital Change 2016

Aug 8, 2016

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9 August 2016

ASX Limited

Company Announcements Office

NOTICE UNDER SECTION 708A(5)(e) OF THE CORPORATIONS ACT 2001

This notice is given by Enerji Ltd ( Company ) under Section 708A(5)(e) of the Corporations Act 2001 ( Corporations Act ).

The Company hereby confirms that:

• a) It issued 3,211,192 fully paid ordinary shares (Shares) on 3 August 2016 at a price of A$0.01656 per share in accordance with a subscription notice issued by Magna Equities II (Magna), pursuant to the Loan Agreement and Subscription Agreement entered into with Magna as announced on 29 March 2016;

• b) The Shares were issued without disclosure to investors under Part 6D.2 of the Corporations Act;

• c) The Company is providing this notice under paragraph 5(e) of section 708A of the Corporations Act;

• d) As at the date of this notice the Company, as a disclosing entity under the Corporations Act has complied with:

• (i) The provisions of Chapter 2M of the Corporations Act as they apply to the Company; and

• (ii) Section 674 of the Corporations Act as it applied to the Company;

• e) As at the date of this announcement, other than as disclosed below by way of update, there is no excluded information of the type referred to in Sections 708A(7) and 708A(8) of the Corporations Act:

  • On 8 August 2016, the Company announced that it had entered into a binding subscription agreement with ECM Group for the subscription of $2.5 million in fully paid ordinary shares in the Company, and a convertible note facility for $2 million (“Capital Raising”). The Capital Raising is subject to shareholder approval at a general meeting of shareholders to be held in late September or early October 2016. In the interim, the Company is in the process of procuring a short term finance facility to ensure it is funded through to the completion of the Capital Raising.

For and on behalf of the directors of Enerji Ltd

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Peter Torre Company Secretary Enerji Ltd