AWE, ARC Complete Merger

Further to the Appendix 3B issued by Australian Worldwide Exploration Limited (AWE) on August 7, 2008 and to subsequent announcements, AWE has confirmed that the merger with ARC Energy Limited was completed and that AWE shares have been allotted and issued as follows:

  • Date of Allotment: 25 August 2008
  • Number of AWE shares issued: 69,724,266

Holding statements for AWE shares and cheques for the cash consideration will be dispatched today. The new AWE shares will begin trading on a normal settlement basis on August 27, 2008. The ASX has advised it is not possible for the new AWE shares to commence trading on ASX on August 26, 2008.