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ALARA RESOURCES LIMITED — Capital/Financing Update 2016
Jul 14, 2016
64461_rns_2016-07-14_175fcde3-8a77-4397-a866-314858556e09.pdf
Capital/Financing Update
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Alara Resources Limited Telephone | +61 8 9481 0389 A.B.N. 27 122 892 719 Facsimile | +61 8 9463 6103 Level 11, 216 St Georges Tce Web | www.alararesources.com Perth WA 6000, Australia Email | [email protected] GPO Box 2517 Perth WA 6831
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ASX/MEDIA RELEASE
Friday, 15 July 2016
DISPATCH OF PROSPECTUS FOR ENTITLEMENT OFFER
Alara Resources Limited (ASX: AUQ) (Alara or Company) is pleased to announce the dispatch today, 15 July 2016, of the Prospectus for a renounceable, pro rata offer of fully paid shares to eligible shareholders at an issue price of $0.02 each on the basis of 1 new share for every 7 shares held at 14 July 2016 to raise approximately $1.446 million ( Entitlement Offer ) as outlined to ASX on 8 July 2016.
Acceptances for the Entitlement Offer will close at 5:00pm WST on 2 August 2016.
For further information, please contact:
Justin Richard T | +61 8 9481 0389 Managing Director E | [email protected] Elizabeth Hunt T | +61 8 9481 0389 Company Secretary E | [email protected]
About Alara Resources
Alara Resources Limited (ASX: AUQ) is an Australian minerals exploration company with a portfolio of projects in Saudi Arabia and Oman. Alara has completed a Definitive Feasibility Study on the Khnaiguiyah Zinc-Copper Project in Saudi Arabia, an Advanced Scoping Study on the Daris and Al Hadeetha Copper-Gold Projects in Oman and a Feasibility Study for the Al Hadeetha Project, Washihi deposit. The Company is transitioning to establish itself as a base and precious metals mine development and production company. For more information, please visit: www.alararesources.com.
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ASX Code | AUQ