Ann: Share Purchase Plan Closes Four Times Oversubscribed, page-2

SHARE PURCHASE PLAN CLOSES FOUR TIMES OVERSUBSCRIBED
Aleator Energy Limited (Aleator or the Company) is pleased to advise the Share Purchase Plan to participate in the proposed transaction with Vonex Limited has closed heavily oversubscribed.
The Company received 364 applications for $3,319,000 worth of shares, nearly five times the amount being sought of $700,000.
Commenting on the result, executive director Mark Rowbottam said: “We are delighted with the response and very pleased so many shareholders have taken the opportunity to support the Share Purchase Plan and the proposed transaction with Vonex Limited.”
“The focus is now to complete our due diligence investigations, which are proceeding well. Given the strong demand from existing shareholders to participate in the Share Purchase Plan, we will ensure a priority allocation is provided to shareholders in the next capital raising,” Mark added.
The proceeds from the Share Purchase Plan will be used to fund:
• costs of the proposed transaction with Vonex Limited as announced;
• trade creditors;
• minimum expenditure commitments on existing energy projects; and
• general administration and corporate overheads.

The Company has commenced the scale back process and will use its best efforts to allocate shares to as many shareholders as possible.
Excess funds will be returned to applicants via cheque or direct deposit if Computershare holds their bank details.