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ARUMA RESOURCES LIMITED — Capital/Financing Update 2014
Apr 9, 2014
64273_rns_2014-04-09_08e6af97-fa67-4d3d-93ca-e2204e90bf63.pdf
Capital/Financing Update
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Aruma Resources Limited
ABN 77 141 335 364 ASX: AAJ
ASX ANNOUNCEMENT 10 April 2014
PLACEMENT FOR WA GOLD AND COPPER EXPLORATION PROGRAMS
Western Australian gold and copper explorer Aruma Resources Limited (Aruma or the Company) (ASX: AAJ) is pleased to announce that it has agreed to raise $560,000 through a placement of 20 million shares at a price of 2.8 cents per share (the Placement). The Placement is being made to professional and sophisticated investors with Grange Capital Partners acting as Lead Manager to the offer.
The funds raised will be used for targeted exploration programs on the Company’s Glandore gold project and Bulloo Downs copper project as well as costs of the issue and general working capital.
The Placement will be made pursuant to the Company’s placement capacity under ASX listing rule 7.1 and 7.1A. Settlement of these shares is scheduled for 14 April 2014. This announcement effectively lifts the trading halt requested by Aruma on Tuesday, 8 April 2014. Aruma is not aware of any reason why the ASX should not allow trading to commence immediately.
For further information please contact:
Peter Schwann Managing Director 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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