Ann: Rights issue shortfall completed, page-3

Rights issue closure and Notice of Shortfall
On 17 December 2015, Odin Energy Ltd (ASX code: ODN) (“Odin” or “the Company”) advises that it would proceed with a non-renounceable pro rata entitlement offer of new fully paid ordinary shares (New Shares) at an issue price of 1.2 cents ($0.012) per share, on the basis of one (1) New Share for every five (5) fully paid ordinary shares (Share), held by Eligible Shareholders on the Record Date (Offer).
The Company advised that the Offer had been formally closed and that the directors were considering their options with respect to the shortfall, which had been heavily oversubscribed and the allocation therewith.
The Shortfall allotment has been completed and applicants which had been unsuccessful in their application have been refunded their contributions in full.
Following the shortfall allocation, the Company advises that the following securities are on issue:
FPO 562,689,570 Convertible preference shares 7,000