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Final Allotment of Placement Shares
RENERGEN LIMITED
Incorporated in the Republic of South Africa
(Registration number: 2014/195093/06)
JSE Share code: REN
A2X Share code: REN
ISIN: ZAE000202610
Australian Business Number (ABN): 93 998 352 675
ASX Share code: RLT
(“Renergen” or “the Company”)
FINAL ALLOTMENT OF PLACEMENT SHARES
Emerging domestic natural gas and helium producer Renergen is pleased to announce the final
allotment of 4,791,667 CDI’s at A$1.20 per security, raising a total of A$5,750,000.40 (the
“Placement”), at a 4.7% discount to 30 day VWAP.
The placement was well supported at the time of the book build but was scaled back from the
initially announced 5,600,000 CDI’s on settlement. The total capital raised of $5,750,000 was
less than the $6,720,000 initially announced, however it was sufficient to replenish the cash
used to acquire the remaining stake in Tetra 4 Proprietary Limited, consolidating Renergen’s
100% ownership of the Virginia Gas Project. Importantly, the acquisition of the 10% stake
combined with the placement was value accretive to existing Renergen shareholders.
“Despite the shortfall on settlement we are happy with the support we have received from both
existing and new investors. The deal overall was value accretive to Renergen shareholders and
the capital raised will allow us to now focus on further exploring the gas discovery announced
on 17th December 2019 at the Virginia Gas Project,” said CEO Stefano Marani.
Johannesburg
29 January 2020
Designated Advisor
PSG Capital
For Australian Investors & Media, contact Citadel-MAGNUS
Cameron Gilenko, 0466 984 953
Tom Kohlen, 0419 953 526
To readers reviewing this announcement on the Stock Exchange News Service (SENS), this
announcement may contain graphics and/or images which can be found in the PDF version
posted on the Company’s website.
www.renergen.co.za
Date: 29-01-2020 08:41:00
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