SDX Completes 2nd Tranche of its Private Placement

Tuesday, July 26, 2016

SDX Energy completed the second tranche of its private placement. The second tranche consists of 3,910,000 common shares that had been placed with an investor conditionally upon the receipt of final acceptance of the transaction by the TSX Venture Exchange, which has now been obtained.

Admission of the placement shares to trading on AIM and the commencement of dealings is expected to take place at 8.00 a.m. (London time) on July 28. The subscription price was 18 pence (C$0.33) per placement share.

For the purposes of the UK Disclosure and Transparency Rules, the total number of voting rights in the company with effect from today will be 79,843,902.

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