>> investor relations LISTING ON THE AUSTRALIAN STOCK EXCHANGE
The Company's Prospectus was dated 30th June 2006 and was lodged with the Australian Securities and Investment Commission on the date.
The Prospectus constituted an offer by the Company of 25,000,000 Shares for subscription at an issue price of 20 cents per Share payable in full on application together with 12,500,000 Attaching Options to raise $5,000,000.
The Offer considered of a Priority offer to eligible shareholders of Arrow Energy NL of 12,500,000 shares and 6,250,000 options and a Public Offer of 12,500,000 shares and 6,250,000 options.
The Attaching Options were granted for no additional consideration on the basis of one Attaching Option for every two Shares issued to an applicant under the Prospectus. Attaching Options expire on 31 December 2008 and are exercisable at any time prior to their expiry at 30 cents each. Information regarding the terms and conditions of the Attaching Options is available by contacting the Company.
The Offer closed oversubscribed on the 25 August 2006 in accordance with the indicative date of closing and the shares and options pursuant to the Prospective were listed for trading on the 12 September 2006.
The ASX Code for Pure Energy's shares is PES and the options is PESO.
The Company has an experienced corporate and technical Board and management team. The Directors are Dr Robert Day (Non-Executive Chairman), Steve Beardsall (Managing Director), Terry Primeau (Non-Executive Director), and Mr Shaun Scott (Non-Executive Director). The Company Secretary is Geoff Hewett.The Company has also contractually secured Focal Petroleum Engineering’s technical expertise in Coal Seam Gas development and reserves certification.
