AUDALIA RESOURCES LIMITED — Capital/Financing Update 2018

Jun 19, 2018

==> picture [286 x 112] intentionally omitted <==

SHORTFALL ON ENTITLEMENT ISSUE

ANNOUNCEMENT

20 JUNE 2018

Audalia Resources Limited ( Audalia or the Company ) (ASX: ACP) advises that the nonrenounceable entitlement issue to shareholders ( Entitlement Issue ) at an offer price of $0.01 per share closed on 15 June 2018 ( Offer ).

Audalia received strong interest with 208,178,757 shares subscribed for representing a take up of 54.22 % of the total shares offered under the Entitlement Issue. A total of 26 shareholders took up their entitlement, which raised $2,081,788 (before costs).

The Company advises the results of the Entitlement Issue as follows:

	Shares
Number of securities available under the Entitlement Issue	383,957,434
Number of securities taken up	208,178,757
Shortfall (i.e. securities not taken up)	175,778,677

The Entitlement Issue was launched on 22 May 2018 to progress exploration and evaluation work at the Company’s Medcalf Project, as well as supplement general working capital and cover expenses of the Offer.

Audalia is pleased with the response to the Entitlement Issue and would like to thank all shareholders who participated for their continued support.

The Company will now proceed to issue the shares in accordance with the Entitlement Issue timetable. Upon completion of the Entitlement Issue, Audalia will have 592,136,191 shares on issue.

Authorised by:

Mr Brent Butler CEO and Executive Director

ASX: ACP l Find out more at www.audalia.com.au

1