18 June 2008COMPLETION OF $1.232 MILLION CAPITAL RAISING, OPTION...

18 June 2008
COMPLETION OF $1.232 MILLION CAPITAL RAISING, OPTION ENTITLEMENT
OFFER TO EXISTING SHAREHOLDERS AND OPTION PLACEMENT
Monitor Energy Limited (“Monitor” or “Company”) is pleased to advise that the capital raising
with Melbourne Capital Limited (“MCL”) announced to the ASX on 13 June 2008 has been fully
subscribed. A total of 88 million fully paid ordinary shares have today been issued at $0.014 per
share, to raise $1,232,000 before costs associated with the placement. The placement was to
sophisticated investors as outlined under s708(8) of the Corporations Act. The funds raised from
the placement will be used by Monitor for the purposes of:
• Pursuing ongoing project opportunities in South-East Asia and in other known near term
production areas.
• Working Capital.
Option Entitlement Offer
Monitor intends to proceed with an Option Entitlement Offer to all existing shareholders on the
basis of one option for every two shares held at a subscription price of $0.002 per option (for a
total issue of approximately 364 million options). These options will have an expiry date of 31
August 2011, and an exercise price of $0.025 per share. Monitor has agreed with MCL that MCL
will have the right to place any options that are not subscribed to by shareholders at its discretion
to clients of MCL on an “all reasonable endeavours basis”. Upon the successful completion of
the placement of these options, the entitlement offer will raise approximately $728,000 before
costs associated with the offer.
Option Placement
Monitor intends to seek shareholder approval to issue further options on the same terms and
conditions as the entitlement offer options. Specifically:
• That shareholder approval be sought to approve the placement of 250 million options to
clients of MCL at MCL’s discretion, at a subscription price of $0.002 cents each to raise
$500,000.
• That shareholders approve the ability for existing Directors Mr Mark Gwynne and Mr
Jon Roestenburg to subscribe for up to 12.5 million options at a subscription price of
$0.002 each to raise $25,000.
35 Richardson Street West Perth WA 6005 Australia
PO Box 1440 West Perth WA 6872 Australia
Ph: +61 8 9211 1555 Fx: +61 8 9211 1500
ABN 25 009 121 644
• That shareholder approval be sought to approve the issue to MCL of 28.75 million
options as consideration for services provided with regard to the fund raising services
provided.
Monitor intends to apply to the ASX to have all securities the subject of the Agreement quoted
on the ASX.
The Board of Directors of Monitor view the Agreement with MCL as a positive step forward for
the Company. The funds raised via the issue of the shares and options will enable Monitor to
continue to advance the company’s strategy of adding significant shareholder value through the
development of a diversified petroleum asset portfolio, as well as advancing negotiations on
identified leads in South-East Asia, and other regions.