71c4f446-bfb8-4609-a6c0-8f85eb93b120.pdf
ASX Announcement
4 April 2016
Not for release in the United States
Level 9, 301 Coronation Drive, Milton QLD 4064 Australia
PO Box 2118, Toowong DC QLD 4066 Australia
phone + 61 (0) 7 3156 7777
fax + 61 (0) 7 3156 7776
www.carbonenergy.com.au
Carbon Energy Limited ABN 56 057 552 137
Carbon Energy (Operations) Pty Ltd ABN 61 105 176 967
Carbon Energy Rights Issue Closes 5pm (AEST) Today
Carbon Energy (ASX:CNX) would like to advise eligible shareholders the renounceable pro rata rights issue announced on 11 March 2016 closes today 4 April 2016.
Eligible shareholders are reminded that to take up their entitlement in full or in part, payment for the New Securities must be received by 5pm (AEST) today.
Shareholders who wish to pay for the New Securities by BPAY should check the processing cut off-time for BPAY transactions with their bank, credit union, or building society to ensure payment will be received by the Registry in time.
In accordance with the rights issue timetable (see below) Carbon Energy will advise the outcome of the rights issue on Thursday 7 April 2016.
Timetable for important dates
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Activity
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Date
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Announcement of results of Entitlement Offer and under-subscriptions
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7 April 2016
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Settlement of New Shares under the Entitlement Offer
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11 April 2016
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Allotment of New Shares issued under the Entitlement Offer
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11 April 2016
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Normal ASX trading for New Shares issued under the Entitlement Offer commences
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13 April 2016
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Anticipated despatch of holding statements for New Shares issued under the Entitlement Offer
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14 April 2016
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The Entitlement Offer Booklet can be viewed on the Company website.
Eligible Australian shareholders who have any questions in relation to taking up their entitlement are encouraged to call the Share Registry on 1300 761 372 (inside Australia) and +61 1300 761 372 (outside Australia) between 8.30am and 5.00pm AEST.
ENDS
For and on behalf of the Board Catherine Costello
Chief Financial Officer and Company Secretary
About Carbon Energy
Carbon Energy (ASX: CNX) is building a gas business, utilising its unique keyseam technology.
The Company is committed to providing industrial gas users with an affordable and secure source of high quality feedstock, as gas prices remain strong, through increased demand across our key markets.
Carbon Energy is the only company to complete a full-lifecycle, commercial scalable underground gasification trial. The Company's keyseam technology has successfully accomplished all the recommendations outlined by the Queensland government's Independent Scientific Panel (ISP) which included intense, independent environmental scrutiny.
This highly controlled, proven technology enables access to gas resources that were previously considered too deep or uneconomic to reach.
keyseam maximises resource efficiency while minimising surface disturbance and preserving regional groundwater use. Originally developed by Australia's leading research and scientific body, the Commonwealth Scientific and Industrial Research Organisation (CSIRO) it has been operationally proven through six years of field trials.
Alongside its Australian operations, Carbon Energy is working with international partners to unlock new energy resources offshore. The Company can deliver end-to-end services from initial project assessment through to commercial project development, operations, site decommissioning and rehabilitation.
Carbon Energy is headquartered in Brisbane, Australia and is listed on the Australian Securities Exchange (ASX).
keyseam® is a registered Trademark of Carbon Energy Ltd
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www.carbonenergy.com.au