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Metgasco Ltd (ASX:MEL) (Metgasco or the Company) confirms that the Entitlement Offer Booklet and
personalised entitlement and acceptance form for the one (1) for three (3) fully underwritten, nonrenounceable entitlement offer, as announced to the ASX on the 6
th of July 2021, was dispatched to
Eligible Shareholders today.
The Offer will raise approximately $4.58 million (before costs) and provides all shareholders of the
Company with an opportunity to increase their holding in Metgasco on favourable terms, without
incurring brokerage or other costs. You may take up all, some, or none of your entitlement, and you may
also apply for additional shares above your entitlement (which will, if applicable, be allocated at the
discretion of the Board). The Offer is non-renounceable, which means that if you do not take up your
entitlement, you will not receive any other value in relation to it.
The Company would like to thank its Lead Manager, Blue Ocean Equities, and participating broker Peak
Asset Management for their professionalism and assistance in arranging underwriting of the offer.
A separate offer of one (1) new option for every three (3) shares subscribed for under the Entitlement
Offer, is being made. These options shall have a strike price of 3.1c and will expire December 31st, 2022.
The Company intends to seek ASX quotation of the new options issued, as noted in the appended
updated appendix 3B notice. The issuance of these options is being made within the Company’s
available issuance capacity and will not be subject to shareholder approval.
Metgasco would like to thank shareholders for the substantial interest expressed in relation to the Offer.
This ASX announcement was approved and authorised for release by the Board