Cougar Energy Limited reports the opening of the Company’s first Share Purchase Plan (SPP). The SPP – which will be capped at A$ 6 million - will remain open until 5pm (Melbourne, Australia time) on 29 September 2009. Shares under the SPP are offered to eligible Cougar Energy shareholders at the same price as the recent A$ 8.3 million placement to institutional and sophisticated investors in both Australia and overseas - A$ 0.0825 (8.25 cents) per share (refer to the Company’s announcement to the ASX dated 3 September 2009).

Eligible shareholders are those investors recorded on the Company’s share register at 7pm Australian Eastern Standard Time on 2 September 2009 with either an Australian or New Zealand address. These shareholders can subscribe for up to A$ 15,000 worth of new fully paid ordinary shares. SPP entitlements not taken up by eligible shareholders under this offer cannot be transferred. Patersons Securities Limited has been appointed as Lead Manager for the SPP by Cougar Energy.

The letter from Cougar Energy’s Chairman, Mr Malcolm McAully, together with the SPP’s Terms and Conditions will be lodged separately with the ASX today and are being mailed to eligible shareholders today. Shareholders should read these documents when considering whether to participate in the offer.

Tags: Cougar Energy Limited