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ARUMA RESOURCES LIMITED — Capital/Financing Update 2015
Nov 11, 2015
64273_rns_2015-11-11_226354d3-4fe5-45f6-a929-a373142889d0.pdf
Capital/Financing Update
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ABN 77 141 335 364 ASX: AAJ
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Aruma Resources Limited
12 November 2015
PRO-RATA NON-RENOUNCEABLE RIGHTS OFFER
The directors of Aruma Resources Limited ("Company") (ASX:AAJ) advise they are seeking to raise approximately $462,912 by a pro-rata non-renounceable rights offer ("Offer") of up to approximately 77,152,084 shares on the basis of 1 new share ("New Share") for every 2 shares held at an issue price of 0.6 cents per New Share. The Company expects to lodge an offer document for the Offer ("Offer Document") with the ASX on 24 November 2015.
The funds raised under the Offer will be used to identify and evaluate new resource projects, explore existing copper and gold projects, for working capital and to meet Offer expenses.
The Offer is partly underwritten to the sum of $290,000. The directors have advised the Company that they intend to take up their full entitlement under the Offer. Minimum Subscription under the Offer is $320,861.
The timetable for the Offer is as follows:
| Pro-rata Offer announced | 12 November 2015 |
|---|---|
| New Shares quoted on an "ex" basis | 17 November 2015 |
| (date from which the New Shares commence trading without the | |
| entitlement to participate in the Offer). | |
| Record Date | 19 November 2015 |
| (date for identifying Shareholders entitled to participate in the Offer). | |
| Offer Document with Entitlement Form sent to Eligible Shareholders | 24 November 2015 |
| Offer opens | 24 November 2015 |
| Closing Date | 8 December 2015 |
| (last date for lodgement of Entitlement Forms and Application Money) | |
| Trading of New Shares commence on a deferred settlement basis | 9 December 2015 |
| Company to notify ASX notified of the Shortfall (if any) | 11 December 2015 |
| Issue of New Shares and end of deferred settlement trading | 15 December 2015 |
| Normal trading of New Shares on ASX | 16 December 2015 |
Aruma Resources Limited
ABN 77 141 335 364 ASX: AAJ Level 1, 6 Thelma Street, West Perth WA 6005 Locked Bag 2000, Nedlands WA 6909, Australia T +61 8 6389 1799 I F +61 8 9226 3764 I W www.arumaresources.com
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ASX ANNOUNCEMENT 12 November 2015
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Subject to the Listing Rules, the above dates may be changed without notice.
The Offer will be made to the Company's shareholders with a registered address in Australia or New Zealand on the Record Date ("Eligible Shareholders").
Assuming that no Options are exercised before the Record Date, the effect of the Offer on the Company’s issued share capital at Minimum Subscription and Full Subscription is shown in the following table:
| Shares | Minimum | Full Subscription |
|---|---|---|
| Subscription | ||
| Existing Shares | 154,304,167 | 154,304,167 |
| New Shares issued under the Offer | 53,476,898 | 77,152,084 |
| Total Shares on issue after completion | 207,781,065 | 231,456,251 |
| of the Offer |
Shareholders may view all the Company's ASX announcements, including those relating to the Offer, on the ASX's website at www.asx.com.au or alternatively on the Company's website at www.arumaresources.com.
It is anticipated that the Offer Document offering New Shares for subscription will be mailed to Eligible Shareholders on 24 November 2015 and will be available on the ASX and Company's website on this day.
Application will be made to ASX for official quotation of the New Shares. No shareholder approval is required to the Offer.
Overseas Shareholders
The offer is only made to Eligible Shareholders (shareholders with a registered address in Australia or New Zealand at the Record Date). Therefore, if you are a shareholder with a registered address other than Australia or New Zealand, no offer will be made to you. In making this decision, the directors have taken into account the small number of overseas shareholders and the costs and administrative complexity of complying with applicable regulations in jurisdictions outside Australia and New Zealand.
If you have any questions please do not hesitate to contact the Company.
Yours faithfully
Peter Schwann Managing Director Aruma Resources Limited
Aruma Resources Limited
ABN 77 141 335 364 ASX: AAJ Level 1, 6 Thelma Street, West Perth WA 6005 Locked Bag 2000, Nedlands WA 6909, Australia T +61 8 6389 1799 I F +61 8 9226 3764 I W www.arumaresources.com
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