WEST OIL NL 2002-12-20 ASX-SIGNAL-G
HOMEX - Perth
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West Oil announces that it has allotted 140,535,130 shares pursuant
to its non-renounceable entitlement issue of two new shares for every
three shares held at a price of one cent per share. The issue has
raised approximately $1.4 million before expenses. The issue was
fully underwritten by Argonaut Capital Limited.
West Oil has also allotted 15,000,000 shares at one cent each
pursuant to its Share Purchase Plan to raise $150,000. Holding
statements for both allotments will be dispatched on 23rd December.
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