March 17, 2016
Po Valley Energy Limited (ASX: PVE) is pleased to announce a renounceable 2.5 for 1 pro-rata
rights issue offer to shareholders to raise approximately $1.75 million before costs.Under the Rights Issue, eligible Shareholders with a registered address in Australia or New Zealand
will be entitled to subscribe for 2.5 new fully paid ordinary shares for every 1 share held at the record
date at an issue price of $0.005 each. The Rights Issue is partially underwritten by two of the
Company’s Directors and two of its shareholders as detailed in the Offer Document to be lodged with
The net funds raised will be used to fund the rigless intervention work needed to increase production
and revenue from the Company’s Sillaro gas field, to progress the Selva gas field to drilling approval,
to repay debt and for working capital purposes.
Full details of the Rights Issue are contained in the Notice to Shareholders and in the Offer
Document, to be lodged on the ASX and mailed to eligible shareholders in accordance with the
The key dates for the Rights Issue are summarised in the table below (SEE PDf). These dates are indicative
only and the Company retains the right to vary any of the dates without advance notification to
shareholders. However, any alteration to the dates will be notified to the ASX.
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