i read it all but can see the difference from the release on...

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Quanyum

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25/03/19

21:31

Post #: 37879502
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Originally posted by bobbym: ↑

CAPITAL RAISING – PLACEMENT OF SHARES Key Petroleum Ltd (Key or Company) is pleased to advise that it has completed arrangements for a capital raising via a placement of 142,103,766 ordinary fully paid shares at $0.005 each to raise A$710,518 (Placement) before costs. The Placement shares will be issued to institutional and sophisticated investors. Funds raised under the Placement will be expended on the following: - • Preparatory works for drilling Alfajour-1 and Taj-1 within the Tanbar Gas Project ATP 924 of the Cooper Basin as well as other studies work to facilitate the introduction of strategic partners; • Development of the Mt Horner Oilfield (L7) to restart the Mt Horner oilfield, aside from the $4.3 million in appraisal and exploration farmin work funded by Triangle Energy in the second half of 2019; • Exploration drilling activities at either the Parce or Wye Knot prospects in the Perth Basin, apart from the Triangle funded Mount Horner campaign; and • Additional working capital. The placement is being made pursuant to ASX Listing Rule 7.1. The Placement was arranged with the investors as it was considered to be a more efficient and cost-effective mechanism to raise the funds required for Key to achieve its stated objectives. Furthermore, the Placement does not expose the Company to market volatility that may be experienced over a more protracted process such as a pro-rata issue. A further announcement will be made when the shares are issued, at which time a notice under Section 708A and ASX Appendix 3B will be released to ASX.

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i read it all but can see the difference from the release on 22/03. also lets hope we get alot back for $4.3mill

TEG Price at posting: 11.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 0.7¢		Change -0.001(6.67%)		Mkt cap ! $8.320M

Open	High	Low	Value	Volume
0.7¢	0.7¢	0.7¢	$52.03K	7.434M

Buyers (Bids)

No.	Vol.	Price($)
25	16299603	0.6¢

Sellers (Offers)

Price($)	Vol.	No.
0.7¢	171268	1

View Market Depth

No.	Vol.	Price($)
7	36125250	0.004
38	65711385	0.003
15	27796994	0.002
6	16200000	0.001
0	0	0.000

Price($)	Vol.	No.
0.005	12326914	23
0.006	10897846	14
0.007	2895000	4
0.008	5541786	8
0.009	3194949	5

Last trade - 16.10pm 15/11/2024 (20 minute delay)

TEG (ASX) Chart

i read it all but can see the difference from the release on...

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