Issue of Tranche 1 Placement Shares
Notification under section 708A(5)(e) of the Corporations Act 2001 (“the Act”)
On 29 August 2025, Blue Energy Limited (ASX:BLU) (the “Company”) announced it had completed a successful placement to raise $3.2million, (inclusive of costs) via a two-tranche placement to institutional and sophisticated investors (“Placement”).
The Company advises that it has today lodged with ASX an Appendix 2A under which it has issued 277,646,039 new fully paid ordinary shares in the Company (“New Shares”) being the shares issued under tranche 1 of the Placement at an issue price of $0.005 per New Share.
Tranche 2 of the Placement being the issue of up to a further 362,353,961 ordinary shares remains subject to shareholder approval under Listing Rule 7.1 that will be sought at a General Meeting of the Company to be held mid-October 2025.
To read the full announcement, please click on the following link: Issue of Tranche 1 Placement Shares