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MarketScreener Homepage  >  Equities  >  AUSTRALIAN SECURITIES EXCHANGE LIMITED  >  American Patriot Oil & Gas Ltd    AOW   AU000000AOW8

AMERICAN PATRIOT OIL & GAS LTD

(AOW)
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American Patriot Oil & Gas : Allotment of Shortfall Shares and Options

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10/11/2018 | 08:33pm EST

Release Date: 12 October 2018

ASX Announcement AOW.ASX ANPOF.OTC

ALLOTMENT OF SHORTFALL SHARES AND

OPTIONS

American Patriot Oil and Gas Ltd (ASX:AOW) ("American Patriot" or "the Company") advises that it has now completed the issue and allotment of 100% of the shortfall of the Company's fully underwritten pro-rata non-renounceable 1 for 3.57 Rights Issue announced on 24 July 2018, being 99,916,022 fully paid ordinary shares and 49,958,011 options. The shortfall shares and options were issued to clients of Capital Investment Partners Pty Ltd, as underwriter of the Rights Issue at 2.5 cents per share, which together with the other shares issued under the Rights Issues, raised approximately $3.0 million (before costs).

Below is a table outlining the current capital structure of the Company:

NO. OF SHARES

NO. OF QUOTED AOWOB OPTIONS

Securities currently on issue

458,295,387

53,748,385

Shortfall shares under rights issue

99,916,022

-

Free attaching new options under the rights issue shortfall

-

49,958,011

Securities on issue after rights issue

558,211,409

103,706,396

The Company also currently has on issue 21,621,725 AOWOA quoted options exercisable at $0.25 (25 cents) expiring on or before 20 October 2018, and 3,500,000 unquoted performance rights on issue.

For further information please contact:

American Patriot Oil and Gas: Or visit the website:

CEO Alexis Clark +61 9945 8739.www.ap-oil.com

About American Patriot Oil and Gas

American Patriot Oil and Gas (AOW) is an oil and natural gas exploration and development (E&P) group headquartered in Melbourne, Australia, with a U.S. office in Denver, Colorado. The Company is focused on developing a significant conventional oil and gas production company focused on assets in the Texas and Gulf Coast region. The company has announced a number of recent acquisitions with a focus on acquiring conventional producing properties with low operating costs onshore USA with reserve reports and significant production upside via shut in wells, workover potential, behind pipe potential and infill drilling upside.

American Patriot Oil and Gas Ltd

Level 1, 23 Oxford Street Oakleigh Vic 3166

ACN: 154 049 144

Ph: +61 3 9945 8739 Fax: +61 3 9530 4117

Email: info@ap-oil.com.au website: www.ap-oil.com

1

Disclaimer

American Patriot Oil and Gas Ltd. published this content on 12 October 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 12 October 2018 00:32:03 UTC

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Managers
NameTitle
Alexis Clark Chief Executive Officer, MD & Executive Director
David Shaw Non-Executive Chairman
Frank Joseph Pirera CFO, Secretary & Executive Director
Richard Cooney Non-Executive Director
Brett A. Murray Senior Vice President-Business Development
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