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BPH Energy Limited (ASX:BPH) Raises $9 million in Share Placement    Raises $9 million in Share PlacementPerth, Feb 3, 2021 AEST (ABN Newswire) - BPH Energy Limited ACN 095 912 002 ( ASX:BPH) is pleased to announce that it has completed a significant share placement. The placement consists of 69,230,769 fully paid ordinary shares (Shares) at an issue price of $0.13 (13 cents) per share to sophisticated and professional investors under the Company s current ASX Listing Rule 7.1 placement capacity to raise $9 million (Placement). The issue price represents a discount of 20.2% to the 10 day VWAP of the Company s shares prior to their trading halt on 1 February 2021. $7 million of the Placement was managed by Everblu Capital (Lead Manager) who will receive a fee of 6% of the funds raised together with 6 million share options with an exercise price of $0.26 per share and an expiry date of 8 February 2023.

Western australiaNational offshore petroleum titles administratorSwinburne university of technologyAsset energy pty ltdAustralian securities exchangeHarry perkins institute for medical researchGrandbridge securities pty ltdEnergy limitedCortical dynamics limitedAdvent energy limitedBounty oilEverblu capitalLead managerDavid breezeManaging directorTwo capital