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Microsoft Word - 20150716 SPP completion final
ASX ANNOUNCEMENT 16 July 2015
Share Purchase Plan: Doubly Oversubscribed
Marmota Energy Limited (ASX:MEU) ('Marmota' or the 'Company') is pleased to announce the successful completion of its Share Purchase Plan ('SPP') announced on 23 June 2015.
The Company received overwhelming support from shareholders, with eligible shareholders applying for $451,000 of shares, which is more than double the $200,000 SPP target.
Given the strong demand from shareholders, the Company has decided to accept all legal applications in the SPP. Application money in excess of the maximum personal allowance or received after the close deadline will be refunded.
Dr Colin Rose, Marmota's Chairman, commented:
" This is an outstanding result for the SPP and represents a strong endorsement by shareholders of the new Marmota. We really thank shareholders for their strong support which now places the Company in a great position to advance our exciting new gold exploration program. "
For further information, please contact:
Marmota Energy Limited
David Williams Managing Director
Email: [email protected]
Level 30, Westpac House
91 King William Street
Adelaide SA 5000
ABN: 38 119 270 816
T: (61 8) 7088 4883
F: (61 8) 7088 4884 www.marmotaenergy.com.au
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Marmota Energy Limited
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EXPLORATION STAGE |
CODE : MEU.AX |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Marmota Energy is a uranium exploration company based in Australia. Marmota Energy holds various exploration projects in Australia. Its main exploration properties are ANGEL WING in USA and WADDIKEE, EUREKA BLUFF, MELTON, MULYUNGARIE, AMBROSIA-MULGATHING and SOUTHERN EYRE PENINSULA in Australia. Marmota Energy is listed in Australia. Its market capitalisation is AU$ 20.2 millions as of today (US$ 13.6 millions, € 12.2 millions). Its stock quote reached its highest recent level on September 21, 2012 at AU$ 0.28, and its lowest recent point on July 03, 2015 at AU$ 0.01. Marmota Energy has 516 719 968 shares outstanding. |