EPE enterprise energy limited

Acquisition of Bandanna Coal subject to shareholder approval at...

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    Acquisition of Bandanna Coal subject to shareholder approval at General Meeting to be held on
    15 September 2008
    - 3,018,750,000 New Shares issued to Bandanna vendors as consideration, representing
    94.52% of the enlarged issued capital of Enterprise post completion
    - 1:10 share consolidation
    - Change the merged Company name to ‘Bandanna Energy Limited’
     New Board to consist of Jeremy Barlow as Chairman, Raymond Shaw as CEO, Robert Johansen as
    Non-Executive Director plus two additional independent directors are to be appointed
     The Independent Expert, DMR Corporate has formed the opinion that the Proposed Transaction is
    fair and reasonable, to Enterprise's Non-Associated Shareholders
     As part of the overall transaction, Enterprise proposes a capital raising of up to $40 million by
    way of a Prospectus
 
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Currently unlisted public company.

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