ADX Energy (WKN: 875366): Millionenchance?????

7 January 2013
ASX/Media Announcement
Share Placement - ASX Listing Rule 3.10.5A
The Directors of Riedel Resources Limited (“Riedel” or “the Company”, ASX: RIE) have previously advised on 23 November 2012 that the Company has completed a Share Placement offered to sophisticated and professional investor clients of Oracle Securities in Australia and the UK.
The placement will raise up to $0.7 million before costs, with the issue of 9.33 million ordinary shares at an issue price of $0.075 per share and free attaching unlisted option on a 1:1 basis exercisable at 15¢ per share on or before 31 January 2016 (“Options”) as follows;
─ Up to 9.33 million new shares at 7.5¢ per share to raise circa $0.70 million to be issued within the Company’s 10% placement capacity under Listing Rule 7.1A.
─ Up to 9.33 million Options to be issued within the Company’s 15% placement capacity under Listing Rule 7.1.
The free attaching unlisted options to be issued on a 1:1 basis, being up to 9.33 million options, are to be issued under ASX Listing Rule 7.1, and will subsequently be put to shareholders for ratification at a General Meeting to be held in January 2013.
The placement will settle in two parts with Part 1 representing approximately $0.533 million announced (Appendix 3B and Cleansing Notice) on 7 December 2012.
The balance being Part 2 of the placement of approximately $0.167 million, has now settled.
An Appendix 3B and Cleansing Notice reflecting this issue of securities is attached.
Information required under ASX Listing Rule 3.10.5A