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ZIMI LIMITED — Capital/Financing Update 2012
Apr 17, 2012
66122_rns_2012-04-17_535e8930-38fa-44a2-bd48-76c8f3a59e61.pdf
Capital/Financing Update
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WHL Energy Ltd ABN: 25 113 326 524 Level 2, 22 Delhi Street West Perth, WA 6005
P.O. Box 1042, West Perth Western Australia 6872
T: +61 8 6500 0271 F: +61 8 9321 5212 www.whlenergy.com
18 April 2012
The Manager Company Announcements Office Australian Securities Exchange Limited Exchange Plaza 2 The Esplanade PERTH WA 6000
Dear Sir
SECTION 708A(6) NOTICE ISSUER: WHL ENERGY LIMITED
The Issuer named above notifies ASX (as the operator of the prescribed financial market on which the securities identified below are or are to be quoted) under section 708A(5)(e) that:
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(a) the securities identified below were issued without disclosure under Part 6D.2 of the Corporations Act;
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(b) as at the date of this notice the Issuer has complied with the provisions of Chapter 2M as they apply to the Issuer and with section 674 of the Corporations Act; and
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(c) as at the date of this notice there is no information which is excluded information as contained in sections 708A(7) and (8) of the Corporations Act apart from the following:
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the Company is currently in discussions for the sale of its remaining onshore USA oil and gas operations and expects a transaction to be finalised before the end of June 2012.
DETAILS OF THE ISSUE OR OFFER OF SECURITIES
| DETAILS OF THE ISSUE OR OFFER OF SECURITIES | |
|---|---|
| CLASS OF SECURITIES: | OrdinaryShares |
| ASX CODE OF THE SECURITIES: | WHN |
| DATE OF THE ISSUE OF SECURITIES: | 13 April 2012 & 18 April 2012 |
| TOTAL NUMBER OF SECURITIES ISSUED: | 180,000,000 and 450,000 respectively |
Yours faithfully
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Matthew Edmondson Company Secretary T: +61 8 6500 0235 E:[email protected]
About WHL Energy Limited
ASX-listed WHL Energy Ltd (ASX: WHN) is an oil and gas exploration company focussed on East Africa.
The Company’s “flagship” project is its 21,426 km[2] exploration area offshore Seychelles, owned 100% by WHL Energy. A highly material exploration portfolio and new exploration concepts are being matured in the acreage based on new seismic data and an exploration drilling program is expected in the second half of 2013.
WHL Energy will hold 100% equity in the La Bella release block V11-2 , which lies in the offshore Otway Basin, approximately 200 km WSW of Melbourne off the Victorian coastline. The block contains the undeveloped La Bella gas field in proximity to the Victorian gas market, and several nearby exploration prospects.
The Company also holds 33.33% equity in exploration permit WA-460-P, in the offshore southern Carnarvon Basin, which contains an extension of the very large Palta Prospect. A Shell led Joint Venture is expected to drill Palta-1 in the adjacent block during the second half of 2012.
The Company is actively investigating growth opportunities in the wider East African region.