🕐09.02.10 - 02:41 Uhr
INTERNATIONAL PETROLEUM LODGES PROSPECTUS TO RAISE UP TO A$30 MILLION
International Petroleum Limted
ASX Announcement
9 February 2010
INTERNATIONAL PETROLEUM LODGES PROSPECTUS TO RAISE UP TO A$30 MILLION
Australian oil and gas company International Petroleum Limited (formerly
International Goldfields Limited) (ASX: IPO) ("International Petroleum" or
the "Company") wishes to advise that it has lodged the enclosed Prospectus
with ASIC, to issue up to 100,000,000 Shares at a price of A$0.30 per
Share, to raise up to A$30,000,000 (before costs of the Offer).
The capital raising is being coordinated by a prominent UK broker and is
being promoted largely to European and North American institutions and
sophisticated investors, and is expected to be well supported.
Upon completion of the Eastern Petroleum Corporation Limited ("Eastern
Petroleum") transaction, the Company intends to focus on the development of
its highly prospective oil and gas assets in Kazakhstan and will be
applying the funds raised to a drilling program, details of which are
included in Prospectus.
The Company anticipates that its securities will be relisted on ASX by the
end of February 2010 once the funds have been raised and the Share Sale
Agreement with Eastern Petroleum has completed.
Ends
To download a full copy of this announcement please click here:
http://esp.gewru.com/em/message/email/view.php?id=614142&u=15636
For further information please contact:
David Tasker
Professional Public Relations
Ph: 08 9388 0944/ 0433 122 936
Em:
Corporate Office
18 Oxford Close
Leederville, WA 6007
P.O.
Box 144
West Perth, WA 6872
T +61 8 9380 9555
F +61 8 9380 9666
E
W www.internationalpetroleum.com.au
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