placement at .05?

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ASX/MEDIA RELEASE
24 August, 2009

Bounty Placement – Appendix 3B

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]
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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
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