Zeta Petroleum has raised an additional A$153,045 (before expenses) as a result of the shortfall offer from its pro-rata non-renounceable rights issue of Chess Depositary Interests ('CDI') together with one free attaching share option for every two CDIs subscribed for and issued ('Offer'). Firm commitments were received for 15,304,500 new CDIs at a price of A$0.01 each under the shortfall offer, bringing the total amount raised from the Offer to A$1,010,000.

The issue under the shortfall offer follows the Company's announcement on 28 August 2013 stating that it raised A$856,955 (before expenses) following the closing of its pro-rata non-renounceable rights issue Offer and that, in accordance with the prospectus dated 18 July 2013, the shortfall of 47,666,730 CDIs from the Offer would be offered to existing and new investors at the discretion of the Company.

Tags: ZETA Petroleum