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ARUMA RESOURCES LIMITED — Capital/Financing Update 2020
Jan 27, 2020
64273_rns_2020-01-27_28ad3fd0-8af7-496b-a63c-4b935f8d26ba.pdf
Capital/Financing Update
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28 January 2020
ASX: AAJ
ASX Market Announcements Office ASX Limited 20 Bridge Street SYDNEY NSW 2000
Capital Structure 709M Shares on Issue 12M Options on issue
Board of Directors
Aruma Extends Controlled Placement Agreement
The Board of Aruma Resources Limited ( ASX: AAJ ) ( Aruma or the Company ) announces that it has extended the expiry date of its Controlled Placement Agreement ( CPA ) with Acuity Capital to 31 January 2022. As originally announced on 31 January 2018, Aruma entered into the CPA with Acuity Capital to provide the Company with up to $2 million of standby equity capital.
Non-Executive Chairman Paul Boyatzis Managing Director Peter Schwann
Non-Executive Director Mark Elliott
Company Secretary Phillip MacLeod
As outlined in the initial CPA announcement, Aruma retains full control of all aspects the placement process: having sole discretion as to whether or not to utilise the CPA, the quantum of issued shares, the minimum issue price of shares and the timing of each placement tranche (if any). There are no requirements on Aruma to utilise the CPA. Aruma may terminate the CPA at any time, without cost or penalty; and Aruma can buy back the Collateral Shares for no consideration (subject to shareholder approval). Acuity Capital and the CPA do not place any restrictions at any time on Aruma raising capital through other methods.
Peter Schwann Managing Director
Active Gold Projects
SLATE DAM PROJECT
BEOWULF PROJECT
CLINKER HILL PROJECT
Active Lithium Projects
MT DEANS Li PROJECT
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]
Media and Investor Relations
Mandate Corporate Mobile: +61 420 991 574 Email: [email protected]
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
PO Box 152 West Perth, WA 6872
ABN 77 141 335 364