Bounty Oil & Gas N.L. (“Bounty”) is pleased to announce that it has placed 52,000,000 million shares. The issue has raised $ 2.6 million before expenses for working capital. Pursuant to the ASX Listing Rules we advise the following: 1. The date of allotments and number of securities: a. 25 August 2009. b. Number of Securities Issued: 52,000,000 fully paid ordinary shares issued at $ 0.05 per share to sophisticated investors under the company’s placing power pursuant to ASX Listing Rule 7.1. c. Dispatch of Holding Statements: 26 August 2009. 2. Issued and quoted capital of the Company following allotment: a. 605,370,569 fully paid ordinary shares. Of these; 18,000,000 shares are subject to a company imposed escrow restriction preventing sale until 22 December 2009. b. Nil options or other securities. Appendix 3B and cleansing notice under the Corporations Act are attached. For further information, please contact: Graham Reveleigh Chairman Telephone: (07) 4033.1805 Email: [email protected] Philip F. Kelso Chief Executive Officer Telephone: (02) 9299.7200 Email: [email protected] Lead Manager: Anton Rosenberg or Shaul Schapiro Claymore Capital Tel: +612 9233 2063 Email: [email protected] 2 About Bounty Oil and Gas NL Bounty is an Australian ASX listed oil producer and explorer. Its core petroleum production and exploration assets are located in the Cooper/Eromanga Basins in South Australia and Queensland and in the Surat Basin. Bounty’s growth assets are spread over a number of high impact projects in Australia and Tanzania where it is exploring for oil and gas. In Australia, it is a participant in PEP 11, Sydney Basin, with up to 5 trillion cubic feet (Tcf) gas potential and in other permits. In Tanzania it is a participant in the recent Kiliwani North gas discovery and is exploring additional gas pools with up to 1Tcf potential. Bounty has reserves approaching 3 million barrels of oil equivalent. Notice Under Sections 708AA and 708A(5) - Corporations Act 2001 The company gives notice to ASX Limited pursuant to the provisions of section 708AA(2)(f) and section 708A(6) of the Corporations Act 2001(“the Act”) that: 1. The relevant securities (namely 52,000,000 fully paid ordinary shares in the company) referred to in this ASX release have been issued by the company without disclosure under Part 6D.2 of the Act. 2. This notice is being given under sections 708AA(2)(f) and 708A(6) of the Act. 3. As at the date of this notice the company has complied with: a. the provisions of Chapter 2M of the Act as they apply to the company, and b. section 674 of the Act ,and; 4. At the date of this notice, there is no excluded information, as defined under the definitions in sections 708AA(8), 708AA(9) and 708A(7) of the Act. 5. The issue of the relevant securities is not expected to have any material effect on control of the company. Bounty Oil & Gas NL Michael L. Hutt Company Secretary Appendix 3B New issue announcement + See chapter 19 for defined terms. 1/1/2003 Appendix 3B Rule 2.7, 3.10.3, 3.10.4, 3.10.5 Appendix 3B New issue announcement, application for quotation of additional securities and agreement Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public. Introduced 1/7/96. Origin: Appendix 5. Amended 1/7/98, 1/9/99, 1/7/2000, 30/9/2001, 11/3/2002, 1/1/2003. Name of entity BOUNTY OIL & GAS N.L. ABN 82 090 625 353 We (the entity) give ASX the following information. Part 1 - All issues You must complete the relevant sections (attach sheets if there is not enough space). 1 +Class of +securities issued or to be issued Fully Paid Ordinary Shares 2 Number of +securities issued or to be issued (if known) or maximum number which may be issued Fifty Two Million (52,000,000) pursuant to allotment under Listing Rule 7.1 3 Principal terms of the +securities (eg, if options, exercise price and expiry date; if partly paid +securities, the amount outstanding and due dates for payment; if +convertible securities, the conversion price and dates for conversion) Fully Paid Ordinary Shares Appendix 3B New issue announcement + See chapter 19 for defined terms. 1/1/2003 Appendix 3B 4 Do the +securities rank equally in all respects from the date of allotment with an existing +class of quoted +securities? If the additional securities do not rank equally, please state: • the date from which they do • the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment • the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment Yes, with existing fully paid ordinary shares. 5 Issue price or consideration $0.05 each. 6 Purpose of the issue (If issued as consideration for the acquisition of assets, clearly identify those assets) Petroleum production, development and exploration principally in Australia and for working capital purposes. 7 Dates of entering +securities into uncertificated holdings or despatch of certificates 25 August 2009 Number +Class 8 Number and +class of all +securities quoted on ASX (including the securities in clause 2 if applicable) 605,370,569 Ordinary shares fully paid Appendix 3B New issue announcement + See chapter 19 for defined terms. 1/1/2003 Appendix 3B Number +Class 9 Number and +class of all +securities not quoted on ASX (including the securities in clause 2 if applicable) 10 Dividend policy (in the case of a trust, distribution policy) on the increased capital (interests) Same as for existing fully paid ordinary shares. New shares will rank parri passu with existing shares. Part 2 - Bonus issue or pro rata issue 11 Is security holder approval required? 12 Is the issue renounceable or nonrenounceable? 13 Ratio in which the +securities will be offered 14 +Class of +securities to which the offer relates 15 +Record date to determine entitlements 16 Will holdings on different registers (or subregisters) be aggregated for calculating entitlements? 17 Policy for deciding entitlements in relation to fractions 18 Names of countries in which the entity has +security holders who will not be sent new issue documents Note: Security holders must be told how their entitlements are to be dealt with. Cross reference: rule 7.7. 19 Closing date for receipt of acceptances or renunciations Appendix 3B New issue announcement + See chapter 19 for defined terms. 1/1/2003 Appendix 3B 20 Names of any underwriters 21 Amount of any underwriting fee or commission 22 Names of any brokers to the issue 23 Fee or commission payable to the broker to the issue 24 Amount of any handling fee payable to brokers who lodge acceptances or renunciations on behalf of +security holders 25 If the issue is contingent on +security holders’ approval, the date of the meeting 26 Date entitlement and acceptance form and prospectus or Product Disclosure Statement will be sent to persons entitled 27 If the entity has issued options, and the terms entitle option holders to participate on exercise, the date on which notices will be sent to option holders 28 Date rights trading will begin (if applicable) 29 Date rights trading will end (if applicable) 30 How do +security holders sell their entitlements in full through a broker? 31 How do +security holders sell part of their entitlements through a broker and accept for the balance? Appendix 3B New issue announcement + See chapter 19 for defined terms. 1/1/2003 Appendix 3B 32 How do +security holders dispose of their entitlements (except by sale through a broker)? 33 +Despatch date Part 3 - Quotation of securities You need only complete this section if you are applying for quotation of securities 34 Type of securities (tick one) (a) x Securities described in Part 1 (b) Example: restricted securities at the end of the escrowed period, partly paid securities that become fully paid, employee incentive share securities when restriction ends, securities issued on expiry or conversion of convertible securities Entities that have ticked box 34(a) Additional securities forming a new class of securities Tick to indicate you are providing the information or documents 35 If the +securities are +equity securities, the names of the 20 largest holders of the additional +securities, and the number and percentage of additional +securities held by those holders 36 If the +securities are +equity securities, a distribution schedule of the additional +securities setting out the number of holders in the categories 1 - 1,000 1,001 - 5,000 5,001 - 10,000 10,001 - 100,000 100,001 and over 37 A copy of any trust deed for the additional +securities Appendix 3B New issue announcement + See chapter 19 for defined terms. 1/1/2003 Appendix 3B Entities that have ticked box 34(b) 38 Number of securities for which +quotation is sought 39 Class of +securities for which quotation is sought 40 Do the +securities rank equally in all respects from the date of allotment with an existing +class of quoted +securities? If the additional securities do not rank equally, please state: • the date from which they do • the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment • the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment 41 Reason for request for quotation now Example: In the case of restricted securities, end of restriction period (if issued upon conversion of another security, clearly identify that other security) 42 Number and +class of all +securities quoted on ASX (including the securities in clause 38) Appendix 3B New issue announcement + See chapter 19 for defined terms. 1/1/2003 Appendix 3B Quotation agreement 1 +Quotation of our additional +securities is in ASX’s absolute discretion. ASX may quote the +securities on any conditions it decides. 2 We warrant the following to ASX. • The issue of the +securities to be quoted complies with the law and is not for an illegal purpose. • There is no reason why those +securities should not be granted +quotation. • An offer of the +securities for sale within 12 months after their issue will not require disclosure under section 707(3) or section 1012C(6) of the Corporations Act. Note: An entity may need to obtain appropriate warranties from subscribers for the securities in order to be able to give this warranty • Section 724 or section 1016E of the Corporations Act does not apply to any applications received by us in relation to any +securities to be quoted and that no-one has any right to return any +securities to be quoted under sections 737, 738 or 1016F of the Corporations Act at the time that we request that the +securities be quoted. • We warrant that if confirmation is required under section 1017F of the Corporations Act in relation to the +securities to be quoted, it has been provided at the time that we request that the +securities be quoted. • If we are a trust, we warrant that no person has the right to return the +securities to be quoted under section 1019B of the Corporations Act at the time that we request that the +securities be quoted. 3 We will indemnify ASX to the fullest extent permitted by law in respect of any claim, action or expense arising from or connected with any breach of the warranties in this agreement. 4 We give ASX the information and documents required by this form. If any information or document not available now, will give it to ASX before +quotation of the +securities begins. We acknowledge that ASX is relying on the information and documents. We warrant that they are (will be) true and complete. Sign here: “Signed”....................................................... Date: 24 August 2009 (Company Secretary) Print name: MICHAEL L. HUTT == == == == ==
BUY Price at posting:
15.8¢ Sentiment: None Disclosure: Not Held
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