Bounty Oil & Gas Announces 2008 Share Purchase Plan
Bounty Oil & Gas announced that the Company will issue up to a maximum of 55m new shares, which if all taken up will raise $2.75m (before costs). The funds raised will be used primarily to fund the company’s share of costs; and for strategic upstream petroleum opportunities and other working capital purposes. Under the Share Purchase Plan shareholders registered as at 6 March 2008 will be eligible to apply for either $2000, $3,000 or $5,000 worth of Bounty ordinary shares at an issue price of $0.035 per share.
Original Announcement: 2008 Share Purchase Plan
