Welcome to the Vintage Energy investor area where you will find presentations, reports and news that provide updates on the progress of Vintage Energy as it establishes itself as a new and well respected South Australian based gas, oil and energy company.

Company update, successful completion of placement and intention to undertake Share Purchase Plan

Thursday, April 30, 2020

Vintage Energy Ltd (ASX: VEN, “Vintage”) is pleased to advise that it was well oversubscribed with its $2.25 million share placement to institutional and sophisticated/professional investors (“Placement”) at an issue price of $0.036. A Share Purchase Plan (“SPP”) will also be undertaken through the issue of new fully paid ordinary shares at $0.036 per share, in line with the Placement, and will target gross proceeds of up to $0.75 million. Directors and Management of Vintage have committed $667,000 toward the Placement and SPP, with shareholder approval at an EGM (scheduled late May / early June) to approve the commitment of funds by the Directors in the Placement (totalling $385,000).

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Vintage Energy

Vintage Energy has been established to acquire, explore and develop energy assets within Australia that will provide gas to the eastern states.

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