Carnarvon Petroleum Limited (CVONF) Share Purchase Plan Completion
Carnarvon Petroleum Limited ("Carnarvon" or "the Company") (ASX:CVN) (OTCMKTS:CVONF) is pleased to advise it has successfully completed a Share Purchase Plan ("SPP") to raise $4 million as part of the Company's $20 million capital raising announced on 11 May 2018.
Strong support from shareholders resulted in the SPP being oversubscribed with applications in excess of $4 million. A scale back of shareholders applications will be made on a pro-rata basis. Excess funds will be returned to applicants as outlined in the SPP offer documentation.
All shares issued under the SPP rank equally with existing Carnarvon shares.
As previously outlined, the remaining key dates for the SPP are as follows:
---------------------------------------------------------------------- Event Date ---------------------------------------------------------------------- Allotment Date Wednesday, 6 June 2018 ---------------------------------------------------------------------- Dispatch of holding statements / confirmation advices Friday, 8 June 2018 ----------------------------------------------------------------------
Investor inquiries: Thomson Naude Company Secretary Phone: +61-8-9321-2665 Email: investor.relations@cvn.com.au Media inquiries: Luke Derbyshire Managing Director Spoke Corporate Phone: +61-488-664-246 Email: luke@spokecorporate.com
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