ASX Release
ACN 109 200 900
AUSTRALIAN SECURITIES EXCHANGE ANNOUNCEMENT
22 January 2016
Eden Energy Ltd - Non Renounceable Rights Issue
Major Shareholder and Directors Take Up Full Entitlement
In accordance with their intentions as indicated in the Prospectus for the current Non Renounceable Pro-rata Rights Issue that was recently dispatched to shareholders, both the largest shareholder and two of the directors and their associated entities, have all taken up their full entitlements under the non-renounceable pro-rata rights issue which closes on Friday 29 January 2016.
Tasman Resources Ltd (through Noble Energy, its wholly owned subsidiary), is the largest shareholder in Eden, holding 43.9% of the currently issued shares in Eden. The aggregate cash contribution by Noble Energy was $614,237.85 (in addition to Eden satisfying the existing debt of
$1,801,403 owed to Noble Energy, as foreshadowed in the Prospectus).
Greg and Doug Solomon, both directors of Eden, and their associated entities, which respectively hold 2.5% and 2.15% interests in Eden, collectively contributed $256,428 to take up all their rights.
Gregory H Solomon Chairman
Level 15, 197 St Georges Terrace, Perth, Western Australia 6000 Telephone: (08) 9282 5889 Facsimile: (08) 9282 5866
Email: [email protected]