On behalf of the Board, UOBKH wishes to announce that the Board had on 14 September 2022 resolved to fix the issue price for the fourth tranche of the Private Placement at RM0.0210 per Placement Share.
The issue price of RM0.0210 per Placement Share represents a discount of approximately 9.87% to the 5-day VWAP of Bornoil Shares up to and including 13 September 2022, being the last traded day of Bornoil Shares immediately preceding the price-fixing date, of RM0.0233 per Bornoil Share.
2nd and 3rd tranche 400,000,000 pp subscribed. 4th tranche ? volume. think PP will complete before end of october. gold mining start soon. general election soon. going to fly. target price 0.04 within 6 months.
Private placement of up to 10% of the total number of issued shares of Borneo Oil Berhad No. of shares issued under this corporate proposal 300,000,000 Issue price per share ($$) Malaysian Ringgit (MYR) 0.0211 ------- GONEOIL @ BornOIL going to RIP ( Rest In Peace ) at 1 SEN
Changes in Director's Interest (Section 219 of CA 2016) BORNEO OIL BERHAD
Information Compiled By KLSE
Particulars of Director Name DATUK JOSEPH LEE YOK MIN @ AMBROSE Descriptions(Class) ORDINARY SHARES Details of changes No Date of change No of securities Type of transaction Nature of Interest 1 21/09/2022 2,100,000 Acquired Direct Interest Name of registered holder DATUK JOSEPH LEE YOK MIN @ AMBROSE Description of "Others" Type of Transaction Consideration (if any) RM63,000
Circumstances by reason of which change has occurred ACQUIRED (DIRECT INTEREST) Nature of interest Direct Interest Total no of securities after change Direct (units) 202,176,100 Direct (%) 2.189 Indirect/deemed interest (units) 1,287,971,335 Indirect/deemed interest (%) 13.945 Date of notice 21/09/2022 Date notice received by Listed Issuer 21/09/2022
Announcement Info Company Name BORNEO OIL BERHAD Stock Name BORNOIL Date Announced 21 Sep 2022 Category Changes in Director's Interest Pursuant to Section 219 of CA 2016 Reference Number CS4-21092022-00025
Changes in Sub. S-hldr's Int (Section 138 of CA 2016) BORNEO OIL BERHAD
Particulars of substantial Securities Holder Name AA DAMAI SENTRAL SDN BHD Address LOT NO. 93, BANDAR SRI PERDANA, PHASE 5, JALAN SILAM LAHAD DATU 91111 Sabah Malaysia. Company No. 1107885-T Nationality/Country of incorporation Malaysia Descriptions (Class) ORDINARY SHARES Details of changes No Date of change No of securities Type of Transaction Nature of Interest 1 22 Sep 2022 22,170,000 Acquired Deemed Interest Name of registered holder MT 23 RESOURCES LTD Address of registered holder LEVEL 1, LOT 7, BLOCK F, SAGUKING COMMERCIAL BUILDING, JALAN PATAU-PATAU, 87000 LABUAN F.T., MALAYSIA Description of "Others" Type of Transaction
Circumstances by reason of which change has occurred ACQUIRED VIA OFF-MARKET Nature of interest Deemed Interest Direct (units) Direct (%) Indirect/deemed interest (units) 22,170,000 Indirect/deemed interest (%) 5.834 Total no of securities after change 538,826,000 Date of notice 22 Sep 2022 Date notice received by Listed Issuer 22 Sep 2022
Announcement Info Company Name BORNEO OIL BERHAD Stock Name BORNOIL Date Announced 22 Sep 2022 Category Change in the Interest of Substantial Shareholder Pursuant to Section 138 of CA 2016 Reference Number CS2-01092022-00013
Dr. Doom predicted the 2008 recession, and says a 'long and ugly recession' is coming this year Tristan Bove Thu, September 22, 2022 at 12:56 AM·4 min read ----- Argghhhh......
Likely too late to avoid shares consolidation. Changes in Sub. S-hldr's Int (Section 138 of CA 2016) will not help much as the NOSH is too huge to support a good price and EPS
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whistlebower99
5,255 posts
Posted by whistlebower99 > 2022-09-14 20:50 | Report Abuse
Price fixing for fourth tranche of PP.
On behalf of the Board, UOBKH wishes to announce that the Board had on 14 September 2022 resolved to fix the issue price for the fourth tranche of the Private Placement at RM0.0210 per Placement Share.
The issue price of RM0.0210 per Placement Share represents a discount of approximately 9.87% to the 5-day VWAP of Bornoil Shares up to and including 13 September 2022, being the last traded day of Bornoil Shares immediately preceding the price-fixing date, of RM0.0233 per Bornoil Share.
This announcement is dated 14 September 2022
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