Ann: Red Sky Completes Placement and Launches SPP, page-3

Commitments received to raise $3m via share placement (before costs)
• Share Purchase Plan proposed to raise further $4m (before costs)
• Funds to be applied to further expansion and development of the Killanoola Oil Project Australian Oil and Gas explorer and developer, Red Sky Energy (ROG: ASX) (Red Sky or the Company) is pleased
to announce that it has received binding commitments to raise $3 million (before costs) via a share placement
to unrelated professional and sophisticated investors (Placement). Red Sky is also pleased to announce that it
proposes launching a share purchase plan (SPP) to seek to raise up to $4 million (before costs) to allow existing
eligible shareholders the opportunity to subscribe for Red Sky shares at the same price as offered under the
Placement. Further details are set out below.
Commenting on the Placement and SPP, Red Sky Managing Director, Andrew Knox, said:
“We are very pleased with the substantial interest from strategic investors for the placement. The
additional funding will allow us to further expand and develop Killanoola. We welcome further
shareholder support in the SPP as we embark on this valuable project.”
Funds raised under the Placement and SPP in combination will be applied to further development and fast
tracking of the Killanoola Oil Project, including but not limited to further expanded seismic acquisition and
additional drilling in the wider project area at Killanoola, as well as for assessing new opportunities working
capital and to meeting the costs of the Placement and the SPP.
Placement
The Placement is by way of the issue of 375,000,000 fully paid ordinary Red Sky shares (Placement Shares) at an
issue price of $0.008 (0.8 cents) per Placement Share, raising a total of $3 million before costs. The participants in the Placement are unrelated professional, sophisticated and other exempt investors who are
clients of stockbroking firms who supported the Company’s activities or who the Company identified as part of
its investor relations program. The Placement Shares are to be issued under the existing placement capacity
available to the Company under ASX Listing Rule 7.1A (375,000,000 shares). It is anticipated that the Placement
Shares will be issued on or about 13 August 2021. The Capital Raising price of A$0.008 (0.8 cents) per New Share represents a 20.0% discount to the last traded
price on Wednesday 4th August 2021 (A$0.01) An Appendix 3B for the Placement Shares was released to ASX at the same time as this announcement.