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ANNOUNCEMENT TO BE MADE BY THE AIM APPLICANT PRIOR TO ADMISSION IN ACCORDANCE WITH RULE 2 OF THE AIM RULES FOR COMPANIES ("AIM RULES")

COMPANY NAME:
Rialto Energy Limited
COMPANY REGISTERED OFFICE ADDRESS AND IF DIFFERENT, COMPANY TRADING ADDRESS (INCLUDING POSTCODES) :
Registered Office
Level 1, 34 Colin Street
West Perth
WA 6005
Australia
Trading Office
22 Long Acre
Covent Garden
London WC2E 9LY
United Kingdom
COUNTRY OF INCORPORATION:
Australia
COMPANY WEBSITE ADDRESS CONTAINING ALL INFORMATION REQUIRED BY AIM RULE 26:
http://www.rialtoenergy.com/
COMPANY BUSINESS (INCLUDING MAIN COUNTRY OF OPERATION) OR, IN THE CASE OF AN INVESTING COMPANY, DETAILS OF ITS INVESTING POLICY). IF THE ADMISSION IS SOUGHT AS A RESULT OF A REVERSE TAKE-OVER UNDER RULE 14, THIS SHOULD BE STATED:
Rialto Energy Limited ("Rialto" or the "Company") is an ASX (Other OTC: ATKEF.PK - news) listed company (since July 2006) focused on the exploration, appraisal and development of oil and gas interests internationally.
Rialto's principal asset comprises of an operated 85 per cent. working interest in the CI-202 Block, which is located offshore Ivory Coast in the West African transform margin, which is one of the world's most attractive emerging petroleum provinces. In addition, Rialto Energy Limited holds a 12 per cent. working interest in the WA-399-P Licence, situated in the Exmouth Sub-Basin, offshore Western Australia.
The Company is also proposing to acquire an 18 per cent. working interest in the Accra Block located in the Keta-Benin basin, offshore Ghana. This acquisition is subject to the Ghanaian Ministry of Energy (NYSEArca: JJE - news) and the Ghana state petroleum company, GNPC.
Rialto has received approval for its field development plan for its Gazelle field in the CI-202 Block and is currently undergoing a three well exploration and appraisal campaign, two of which are appraisal wells in the Gazelle field.
The strategy of the Company is to establish itself as an operator of substance in the West African region and will look to expand its portfolio in the region.

DETAILS OF SECURITIES TO BE ADMITTED INCLUDING ANY RESTRICTIONS AS TO TRANSFER OF THE SECURITIES (i.e. where known, number and type of shares, nominal value and issue price to which it seeks admission and the number and type to be held as treasury shares):
650,163,858 Ordinary Shares of no par value each
CAPITAL TO BE RAISED ON ADMISSION (IF APPLICABLE) AND ANTICIPATED MARKET CAPITALISATION ON ADMISSION:
Capital to be raised on Admission: n/a
Anticipated market capitalisation: £165 million
PERCENTAGE OF AIM SECURITIES NOT IN PUBLIC HANDS AT ADMISSION:
Approximately 4%
DETAILS OF ANY OTHER EXCHANGE OR TRADING PLATFORM TO WHICH THE AIM COMPANY HAS APPLIED OR AGREED TO HAVE ANY OF ITS SECURITIES (INCLUDING ITS AIM SECURITIES) ADMITTED OR TRADED:
Australian Stock Exchange - Ticker: RIA
FULL NAMES AND FUNCTIONS OF DIRECTORS AND PROPOSED DIRECTORS (underlining the first name by which each is known or including any other name by which each is known):
Bruce Burrows - Non-Executive Chairman
Jeffrey Schrull - Managing Director
Charles Nieto - Chief Operating Officer
Chaim Lebovits - Non-Executive Director
Vance Querio - Non-Executive Director
Neil Hackett - Non-Executive Director
FULL NAMES AND HOLDINGS OF SIGNIFICANT SHAREHOLDERS EXPRESSED AS A PERCENTAGE OF THE ISSUED SHARE CAPITAL, BEFORE AND AFTER ADMISSION (underlining the first name by which each is known or including any other name by which each is known):
Before and After Admission:
JPMorgan Asset Mgt - 8.4%
Glenn Whiddon - 7.8%
BlackRock Investment Mgt - 6.9%
Med Alpha - 5.0%
Colonial First State- Global Resources - 4.7%
Chaim Lebovits - 3.9%
Henderson Global Investors - 3.3%
Colonial First State - Growth Australian Equities - 3.1%
NAMES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 2, PARAGRAPH (H) OF THE AIM RULES:
N/A
(i) ANTICIPATED ACCOUNTING REFERENCE DATE
(ii) DATE TO WHICH THE MAIN FINANCIAL INFORMATION IN THE ADMISSION DOCUMENT HAS BEEN PREPARED (this may be represented by unaudited interim financial information)
(iii) DATES BY WHICH IT MUST PUBLISH ITS FIRST THREE REPORTS PURSUANT TO AIM RULES 18 AND 19:
(i) 30 June
(ii) 31 December 2011
(iii) 31 December 2012 (full year); 31 March 2013 (interim), 31 December 2013 (full year)
EXPECTED ADMISSION DATE:
12 April 2012
NAME AND ADDRESS OF NOMINATED ADVISER:
RBC Europe Limited
Riverbank House
2 Swan Lane
London EC4R 3BF
United Kingdom
NAME AND ADDRESS OF BROKER:
RBC Europe Limited
Riverbank House
2 Swan Lane
London EC4R 3BF
United Kingdom
GMP Securities Europe LLP
Stratton House
5 Stratton Street
London W1J 8LA
United Kingdom
OTHER THAN IN THE CASE OF A QUOTED APPLICANT, DETAILS OF WHERE (POSTAL OR INTERNET ADDRESS) THE ADMISSION DOCUMENT WILL BE AVAILABLE FROM, WITH A STATEMENT THAT THIS WILL CONTAIN FULL DETAILS ABOUT THE APPLICANT AND THE ADMISSION OF ITS SECURITIES:
Copies of this document will be available during normal business hours (except Saturdays, Sundays, bank and public holidays) free of charge at the offices of Fox Williams LLP, 10 Dominion Street, London EC2M 2EE, United Kingdom, for one month from the date of Admission.
DATE OF NOTIFICATION:
4 April 2012
NEW/ UPDATE:
Update
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