13 July 2012
Allotment under Share Purchase Plan
Widespread Portfolios Limited (Widespread) has today allotted shares under its Share Purchase Plan offer to existing shareholders dated 15 June 2012.
Widespread sought to raise capital to principally finance further work on Petroleum Exploration Permit 38526 covering the Kotuku Oil Seeps.
A total of 129 applications were received under the offer for 1,175,000 shares. This has raised $117,500 in new capital for Widespread.
As the offer was limited to maximum applications of $1,000 per shareholder, the outcome of this offer is very pleasing and the Board of Widespread thanks shareholders for their support of the company.
On behalf of the Board,