Rights Issue
Rights Issue
Perth, Mar 6, 2019 AEST (ABN Newswire) - Eon NRG Ltd (ASX:E2E) (OTCMKTS:ICRMF) (Eon or the Company) is pleased to announce that it has completed a pro-rata renounceable entitlement offer that was announced on 6 February 2019 and which closed on Thursday 28 February.

The Company has today allotted 363,499,774 New Shares (ASX:E2E) and 363,499,774 New Options(see Note below) (ASX-E2EOA) as set out in the attached Appendix 3B (see link below).

Total funds received from shares issued is as follows:

                   Shares Issued    Options Issued    Capital Raised 
                                                      (Before costs)
applied for under 
rights issue         135,921,203      135,921,203           $951,448
Shortfall placed 
by Lead Manager      227,578,571      227,578,571         $1,593,050
Total Shares/Options 
to be issued         363,499,774      363,499,774         $2,544,498 

In addition, the Company also issued 8 million New Options1 to CPS Capital Group Pty Ltd or its nominees in accordance with the mandate to act as the Lead Manager and Underwriter for the Renounceable Rights Issue. The options are issued under the same terms as those offered under the Renounceable Rights Issue.

E2E Option Reprice:

In accordance with Clause 5.6 (l) of options terms (as set out in the prospectus dated 27 October 2017 issued by Eon) and Listing Rule 6.22.2, the exercise price of the existing listed options (ASX-E2EO) the exercise price will be changed from A$0.02 per option to A$0.0188 per option.

Note: Exercise price A$0.015, expiry 22 February 2021

To view the release, please visit:

About EON NRG Ltd

EON NRG Ltd (ASX:E2E) is an USA onshore focused energy exploration and production company. The Company's growth path is through drilling of high impact oil exploration wells, supported by its 100% owned and operated long life oil and gas production assets and associated cashflow. The company also has a battery minerals division with prospective leases in Nevada which are at the early stages of low-cost exploration.



Australia -
Simon Adams
CFO/Company Secretary
Email: sadams@i-og.net
Phone: +61-8-6144-0590

John Whisler
Managing Director
Email: jwhisler@i-og.net
Phone: +1-720-763-3183

Website: www.eonnrg.com
Twitter: @EonNRG

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