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Australian Oil Company Limited (ASX:AOK)

ALERT: Price-sensitive ASX Announcement for AOK
Current share price for AOK : $0.002 -0.001 (-33.33%)+
Announcement
Release
22 May 2026 8:16AM
Price at Release
$0.003
Full Release
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Summary
Australian Oil Company Limited (ASX: AOK) announced a Share Purchase Plan (SPP) aiming to raise $250,000 at $0.0029 per share, with one free-attaching option for every two shares, exercisable at $0.006 by June 2028. Eligible shareholders can apply for up to $30,000 in shares, with proceeds directed towards enhancing operations in Queensland, including the Emu Apple and Riverslea Oil Fields. The SPP will run from 21 May to 26 June 2026, with options subject to mid-July shareholder approval. The plan is not underwritten, but directors reserve the right to accept oversubscriptions.
Key Points
  • Australian Oil Company Limited announced a Share Purchase Plan (SPP) to raise $250,000.
  • SPP price set at $0.0029 per share with one free-attaching option for every two shares.
  • Options exercisable at $0.006 before 30 June 2028.
  • Eligible shareholders can apply for up to $30,000 worth of new shares.
  • Proceeds will fund operations in Queensland, including Emu Apple and Riverslea Oil Fields.
  • Indicative timetable for SPP spans from 21 May to 26 June 2026.
  • SPP not underwritten, directors may accept oversubscriptions.
  • Free-attaching options subject to shareholder approval mid-July 2026.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.