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ARUMA RESOURCES LIMITED — Capital/Financing Update 2013
Mar 3, 2013
64273_rns_2013-03-03_5ad3c7c9-82bb-423b-b0c5-0f9e464ba6d5.pdf
Capital/Financing Update
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Aruma Resources Limited
ABN 77 141 335 364 ASX: AAJ
ASX ANNOUNCEMENT 4 March 2013
PLACEMENT TO RAISE $2.5M FOR WA GOLD EXPLORATION PROGRAMS
Western Australian gold explorer Aruma Resources Limited (Aruma or the Company) (ASX: AAJ) is pleased to announce that it has agreed to raise up to ~$2.5 million (before costs) under a placement of up to ~50 million shares at a price of 5 cents per share (the Placement).
The Placement is being made to professional and sophisticated investor clients of BBY Limited as Lead Manager to the offer. Aruma received very strong support for the Placement from existing shareholders as well as a number of new professional and sophisticated investors.
The funds raised will be used for targeted gold exploration programs on the Company’s existing projects, Glandore, Gindalbie and Jundee South, located in the Kalgoorlie goldfields in Western Australia as well as costs of the issue and general working capital.
The Placement comprises:
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Tranche 1 being ~19.67 million shares to raise ~$983,000 pursuant to the Company’s placement capacity under ASX listing rule 7.1 and 7.1A. Settlement of these shares is scheduled for 8 March 2013;
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Tranche 2 for ~25.04 million shares to investors unrelated to the Company to raise ~$1,252,000 subject to shareholders approving the issue of those shares for the purposes of ASX listing rule 7.1 at a general meeting of the Company to be held in April 2013; and
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Tranche 2 for ~5.3 million shares to raise ~$265,000 to entities associated with Aruma’s directors, subject to shareholder approval at the general meeting to be held in April 2013.
Shares issued under the Placement will rank equally with existing Aruma shares.
For further information please contact:
Peter Schwann Managing Director Aruma Resources Limited Ph: +61 8 6389 1799 Mobile: +61 417 946 370 [email protected]
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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