December 21, 2018
Notice Under Section 708A(5)(e) of the Corporations Act
Today, Po Valley Energy Limited (Company) issued 18,476,191 fully paid ordinary shares in the capital of the Company (ASX code: PVE) at an issue price of $0.042 (4.2 cents) per share. These shares were issued pursuant to a private placement announced on 19 December 2018. These securities are part of a class of securities quoted on the Australian Stock Exchange Limited (ASX). Below is the applicable Cleansing Notice.
Secondary Trading Exemption:
The Corporations Act 2001 (Cth) (the “Act”) restricts the on-sale of securities issued without disclosure, unless the sale is exempt under section 708 or 708A of the Act. By the Company giving this notice, a sale of the Shares noted above will fall within the exemption in section 708A(5) of the Act. The Company gives notice pursuant to section 708(A)(5)(e) of the Act that:
a) The Company issued the Shares without disclosure to investors under Part 6D.2 of the Act;
b) As at the date of this notice the Company has complied with:
i) the provisions of Chapter 2M of the Act as they apply to the Company, and
ii) section 674 of the Act; and
c) As at the date of this notice there is no information to be disclosed which is excluded information (as defined in section 708A(7) and section 708A(8) of the Corporations Act) which is required to be disclosed by the Company under section 708A(6)(e) of the Act.
PO VALLEY ENERGY LIMITED
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