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ARUMA RESOURCES LIMITED — Capital/Financing Update 2018
Feb 28, 2018
64273_rns_2018-02-28_a55a70fd-55ca-43fd-8bad-59504dc7ca31.pdf
Capital/Financing Update
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1 March 2018
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ASX Announcement
ASX: AAJ
Capital Structure 456.8M Shares on Issue 12M Unlisted Options
Board of Directors
Non-Executive Chairman Paul Boyatzis Managing Director
Peter Schwann
Non-Executive Director Mark Elliott
Company Secretary Phillip MacLeod
Active Projects
SLATE DAM GOLD PROJECT
BEOWULF GOLD PROJECT
ARUMA RAISING $1,000,000
• Placement Proceeds for:
o Targeted exploration on existing gold projects; o Drilling of Slate Dam and Beowulf projects; o Working capital
Active Western Australian gold explorer Aruma Resources Limited (Aruma or the Company) (ASX: AAJ) is pleased to announce that it is raising up to $1,000,000 (before costs) through a share placement with State One Equities as Lead Manager.
PLACEMENT DETAILS
Aruma is finalising a placement of 50 million shares at a price of 2 cents per share to raise up to $1,000,000 (the Placement) with the Placement being made to sophisticated and professional investors.
The Placement will be made pursuant to the Company’s placement capacity under ASX listing rule 7.1 (10 million shares) and 7.1A (40 million shares). As Lead Manager, State One Equities will receive a commission of 6% of the funds raised and 4 million unlisted options exercisable at 4 cents each expiring two years from the date of issue.
The funds raised from the Placement will be used for targeted exploration programs on the Company’s advanced Slate Dam and Beowulf gold projects near Kalgoorlie as well as costs of the Placement and general working capital.
Head Office
Level 1, 6 Thelma Street West Perth, WA 6005 T +61 8 9321 0177 F +61 8 9226 3764
E [email protected] W www.arumaresources.com
Postal Address
Locked Bag 2000, Nedlands, WA 6909
For further information please contact:
Peter Schwann
Managing Director
Aruma Resources Limited Telephone: +61 8 9321 0177 Mobile: +61 417 946 370 Email: [email protected]
ABN 77 141 335 364