ADX 5.56% 1.0¢ adx energy ltd

ann . placement

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    500 Posts.
    Placement
    The Board of AuDAX Resources Ltd (“AuDAX”) is pleased to announce the placement of 17,350,000
    shares at 7 cents each to sophisticated investors to raise approximately $1.2m. No fees are payable on
    the funds raised.
    Funds raised from this issue will be utilised:
    • to meet the Company’s share of the additional costs to complete the drilling of the
    Vanessa gas discovery well in the Cooper Basin.
    • additional working capital.
 
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