By Devika Patel
Knoxville, Tenn., Dec. 22 - Oilex Ltd. priced a A$10.07 million private placement of shares.
The company will sell 43.8 million ordinary shares at A$0.23 apiece.
Proceeds will be used in progressing the company's oil and gas activities and ongoing working capital requirements.
Oilex is a resource exploration company based in West Perth, Australia.
| Issuer: | Oilex Ltd.
|
| Issue: | Shares
|
| Amount: | A$10,074,000
|
| Shares: | 43.8 million
|
| Price: | A$0.23
|
| Warrants: | No
|
| Pricing date: | Dec. 22
|
| Stock symbol: | Australia: OEX
|
| Stock price: | A$0.255 at close Dec. 22
|
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