PVE Successfully Completes Fully Underwritten Retail Offer

July 13, 2021

• Fully underwritten Retail Offer closes, raising A$2.6 million
• A$10.1 million gross proceeds raised from the A$1.0 million Placement and fully underwritten Entitlement Offer of A$9.1 million
• Po Valley Energy has established the balance sheet and funding base to advance the Selva Malvezzi gas project

Po Valley Energy Limited (PVE.ASX) (“Po Valley Energy”, the “Company”) is pleased to announce the successful completion of the retail entitlement offer of the fully underwritten 1 for 2 pro rata accelerated non-renounceable entitlement offer (Entitlement Offer) to raise $9.1 million, together with the institutional placement of A$1.0 million (Placement) of fully paid ordinary shares in Po Valley Energy (New Shares) announced on 21 June 2021.

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