From LSE on proposed raising, page-93

88 Energy Limited ("88 Energy" or the "Company") (ASX, AIM: 88E) is pleased to announce that further to the notification on 30 April 2018, the Company has conditionally placed 460,811,112 ordinary shares of no par value (the "Placing Shares") at A$0.037(equivalent to £0.02) per Placing Share (the "Placement Price") to raise gross proceeds of A$17 million (the "Placing"). The Placing was significantly oversubscribed.

The Placing was conducted in the UK through a bookbuilding process, managed by Cenkos Securities plc ("Cenkos") in the UKand Hartleys Limited ("Hartleys") in Australia.

The Placing Shares, which will rank pari passu with the existing ordinary shares in the Company, have been conditionally placed subject to admission to trading on both the ASX and AIM ("Admission"). Application will be made for the Placing Shares to be admitted to trading on both the ASX and AIM, with Admission expected to occur on 9 May 2018.

The issue of the Placing Shares is not subject to shareholder approval as the issuance will fall within the Company's placement capacity pursuant to ASX Listing Rule 7.1 and 7.1A.
The Company also announces that, following completion of the Placing, the trading halt on the ASX is anticipated to be lifted prior to ASX market open on the 2^nd May 2018.

Following the issue of the Placing Shares, the Company will have 5,557,964,694 ordinary shares in issue, all of which have voting rights.  The figure of 5,557,964,694 ordinary shares may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or change their interest in, the Company.