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ARUMA RESOURCES LIMITED — Capital/Financing Update 2013
Mar 11, 2013
64273_rns_2013-03-11_eccafc9d-14c1-4367-a3f2-b290fdf6eb32.pdf
Capital/Financing Update
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Aruma Resources Limited
ABN 77 141 335 364 ASX: AAJ
12 March 2013
The Manager Australian Stock Exchange Limited (“ASX”) Company Announcements Office
Dear Sir
Information Required Under Listing Rule 3.10.5A
Aruma Resources Limited (“Aruma” or “the Company”) issued a total of 19,668,000 fully paid ordinary shares as Tranche 1 of the placement announced on 4 March 2013. Tranche 1 was issued pursuant to ASX listing rules 7.1 (11,895,625 shares) and 7.1A (7,772,375 shares). The second tranche is to be issued subject to shareholder approval at a General Meeting to be held in April 2013. A notice of meeting will be sent to shareholders in due course.
Aruma provides the following information as required under ASX listing rule 3.10.5A:
- a) Dilution to existing shareholders as a result of the issue under ASX listing rule 7.1A is 9%.
Details of the approximate percentage of the issued capital post the placement of shares under ASX listing rule 7.1A held by the pre-placement shareholders and new shareholders are:
| Pre-placement shareholders who did not participate in the placement |
91% |
|---|---|
| Pre-placement shareholders who did participate |
4% |
| Participants in the placement who were not previously shareholders |
5% |
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b) Aruma issued shares to sophisticated and institutional investors as it was considered to be a more efficient mechanism for raising the funds for this placement. The placement did not expose the Company to market volatility that it may have experienced over a more extended capital raising process such as a pro-rata issue;
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c) No underwriting arrangements were in place for the placement; and
Aruma Resources Limited
ABN 77 141 335 364 ASX: AAJ Suite 33, 18 Stirling Highway, Nedlands WA 6009 Locked Bag 2000, Nedlands WA 6909, Australia T +61 8 6389 1799 I F +61 8 6389 0112 I W www.arumaresources.com
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- d) The management and capital raising fees payable to BBY Limited, the Lead Manager to the placement, are 5.5% of the total funds raised. In addition to the management and capital raising fees, BBY Limited is to be issued 2,500,000 options on completion of the second tranche of the placement, subject to shareholder approval. The options will have a term of 35 months and an exercise price of 150% of the 5 day volume weighted average closing price of the Company’s shares prior to the date of the meeting to approve the options.
Yours faithfully
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Phillip MacLeod Company Secretary
Aruma Resources Limited ABN 77 141 335 364 ASX: AAJ Suite 33, 18 Stirling Highway, Nedlands WA 6009 Locked Bag 2000, Nedlands WA 6909, Australia T +61 8 6389 1799 I F +61 8 6389 0112 I W www.arumaresources.com
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