Unmarketable Parcel Share Sale Completion
Entek Energy Limited (ASX: ETE or "the Company") is pleased to advise that following the close of the Unmarketable Parcel Share Sale Facility on 28 December 2016, a total of 28,573,160 shares have now been sold on market at an average price of approximately 0.63 cents per share. This represents the total number of shares to be sold under this Facility on behalf of approximately 1,740 Entek shareholders who had elected not to retain their shareholdings.
Each of those shareholders will receive their proportionate share of the sale proceeds without any deduction for brokerage or handling costs. Cheques are expected to be despatched to shareholders by mid-January 2017.
For further information contact:
NERIDA SCHMIDT or ALEX FORCKE
ENTEK AT A GLANCE DIRECTORS & OFFICERS CONTACTEntek is US focussed with a substantial acreage position in the Niobrara Oil Resource Play, including an area of enhanced potential due to embedded Igneous Intrusive Sills.
Graham Riley Chairman Kim ParsonsChief Executive Officer Alexander Forcke Non-Executive Director Howard Dawson
Non-Executive Director
338 Hay Street
Subiaco, WA 6008 Australia
T +61 8 9213 4388E info@entekenergy.com.au www.entekenergy.com.au
ASX Code: ETEEntek Energy Ltd. published this content on 06 January 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 06 January 2017 04:22:07 UTC.
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