Perth, July 7, 2008 AEST (ABN Newswire) - Empire Oil & Gas N.L. closed its Share Purchase Plan on 4 July 2008 which was forwarded to all Eligible Shareholders on 4 June 2008.
The Share Purchase Plan was designed to allow Shareholders to subscribe for New Shares at a price to be calculated at 85% of the Volume Weighted Average Price of existing fully paid Ordinary Empire Oil & Gas NL shares quoted on the ASX during the period of 5 days on which sales were recorded immediately prior to the Offer Closing Date of 4 July 2008.
The price of the Share Purchase Plan, New Shares has now been calculated at 2 cents per New Share.
The Company will announce the total subscriptions received pursuant to this Share Purchase Plan together with the allotment of these New Shares upon all the subscribed funds being cleared at the bank.
Contact
Mr JL Craig Marshall
BSc(Hons), F.Aus. IMM, CPGeo
Managing Director
EMPIRE OIL AND GAS NL
Email: cmarshall@empireoil.com.au
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