The Board and Management of Greenearth Energy wish to advise that the Initial Public Offer (IPO) has closed. A total of $10.03 million was raised under the prospectus with shares issued at 30 cents per share.
Upon closure of the IPO, the Board decided to announce a bonus option issue. Each holder of GER shares as at the close of trading on 4 April 2008, will be entitled to receive one Bonus Option for each holding of 2 GER shares for no payment on issue. The options will have an exercise price of 30 cents per options and will expire on the 15 April 2009. It is intended the options will also be listed on the ASX.
The company listed on the Australian Stock Exchange (ASX) on 4 February 2008 with the Stock code of GER.
