+++++++++++++++++++++++++ West Oil announces that it has allotted 140,535,130 shares pursuant to its non-renounceable entitlement issue of two new shares for every three shares held at a price of one cent per share. The issue has raised approximately $1.4 million before expenses. The issue was fully underwritten by Argonaut Capital Limited.
West Oil has also allotted 15,000,000 shares at one cent each pursuant to its Share Purchase Plan to raise $150,000. Holding statements for both allotments will be dispatched on 23rd December.
