Tranche 2 Unlisted Options Issued

Oilex Ltd (the Company) is pleased to advise that it has today issued 190,535,385 unlisted options to participants in the Tranche 2 placement. This allotment includes the shareholder approved issue of 190,353,385 unlisted options on 3 May 2017. The unlisted options are exercisable at 0.35 pence (A$0.0062) at any time on or before 22 November 2017.
The Company has also issued 88,888,888 unlisted options to its AIM broker exercisable at 0.225 pence (A$0.0040) at any time on or before 22 May 2020, the issue of which was approved by shareholders on 3 May 2017.
In addition, the Company has issued of a further 182,000 shares pursuant to Tranche 2. The total shares issued under Tranche 2 is 190,535,385.

Tranche 2 Unlisted Options Issued