By Devika Patel
Knoxville, Tenn., Oct. 16 - Oilex Ltd. priced a A$10.12 million private placement of shares.
The company will sell 44 million ordinary shares at A$0.23 apiece.
Proceeds will be applied to the company's exploration and appraisal activities on its oil and gas assets.
Oilex is a resource exploration company based in West Perth, Australia.
| Issuer: | Oilex Ltd.
|
| Issue: | Ordinary shares
|
| Amount: | A$10.12 million
|
| Shares: | 44 million
|
| Price: | A$0.23
|
| Warrants: | No
|
| Pricing date: | Oct. 16
|
| Stock symbol: | Australia: OEX
|
| Stock price: | A$0.28 at close Oct. 16
|
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