Sandy Looks to be a formality now with LIO cashed up and no uncertainty of funding regarding drilling partners. If Entek is anything to go by, since the current management came on board ETE has aggressively moved forward.
20 October 2006 Company Announcements Australian Stock Exchange Ltd FINALISATION OF PUBLIC OFFER On 8 September 2006, Lion Energy Limited issued a prospectus for a pro-rata nonrenounceable rights issue of 3,046,124,356 fully paid ordinary shares (each a "Share", together the "New Shares") on the basis of one (1) New Share for every one (1) Share held on the Record Date of 19 September 2006 at an issue price of $0.0035 per New Share, to raise approximately $10,661,435. Pursuant to this offer, Lion Energy Ltd issued 3,046,124,356 fully paid ordinary shares on 20 October 2006. Subsequent to the issue of these shares, Lion Energy Limited has 6,092,248,712 fully paid ordinary shares on issue. Jack Toby Company Secretary 45 VENTNOR AVE WEST PERTH WESTERN AUSTRALIA 6005 TELEPHONE: +618 9429 8874 FACSIMILE: +618 9389 4462 ABN 51 000 753 640
GLX Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
