Results of Share Purchase Plan
Sydney, Nov 26, 2012 AEST (ABN Newswire) - AusTex Oil Limited (
ASX:AOK) (OTCQX:ATXDY) is pleased to announce the results of the Share Purchase Plan (SPP) which closed on 20 November 2012.
Shareholders participating in the SPP subscribed for total applications of $1,021,800 representing 8,515,000 new shares. The shares are expected to be allocated later today.
As previously advised, AusTex is seeking shareholder approval at its Extraordinary General Meeting today to place the shortfall.
About Australian Oil Company Limited
Australian Oil Company Limited (ASX:AOK) (OTCMKTS:SGCSF) is an Australian-based energy company focused on under-explored, recently over-looked, world class oil and gas opportunities near under-supplied markets. The Company is currently focussed on conventional oil and gas exploration and production in the Sacramento Basin in California. Australian Oil has a portfolio of natural gas and oil producing wells in addition to prospects and discoveries at various exploration and appraisal stages. AOK is in the process of evaluating the acquisition of oil and gas producing and exploration assets to enhance the Company's strategic needs and deliver shareholder value.
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