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AURORA LABS LIMITED — Capital/Financing Update 2021
Nov 29, 2021
64269_rns_2021-11-29_e0e6d450-7d1a-4d84-8214-794517928e54.pdf
Capital/Financing Update
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30 Nov 2021
Empowering Industry to Revolutionise Manufacturing
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CORPORATE DIRECTORY
Chairman GRANT MOONEY
Non-Executive Director MEL ASHTON
Non-Executive Director TERRY STINSON
Non-Executive Director ASHLEY ZIMPEL
CEO PETER SNOWSILL
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Aurora Labs Limited (“A3D” or “the Company”) (ASX:A3D), is pleased to announce that its Share Purchase Plan (SPP) closed on 26 November 2021.
The Directors have agreed to accept eligible applications totalling $595,084 in addition to the $3 million received through the recent Placement.
Funds raised will be applied towards implementation of the Company’s commercialisation strategy, patent costs, plant and equipment costs, working capital and cost of the offers.
The Issue of Securities will occur on 1 December 2021.
CONTACT DETAILS
41-43 Wittenberg Drive Canning Vale, WA AUSTRALIA 6155
[email protected] t. +61 (0)8 9434 1934 auroralabs3d.com
As discussed at the AGM on 11 November, the next phase of A3D’s transition to commercial activities will focus on contract printing derived revenue enabled by the maturity of our technology, longer term path to revenue through partnerships to progress commercial printer design and printer commercialisation, and ongoing high productivity technology development actively progressing options for further significant productivity improvement.
This acceleration in commercialisation activity is enabled by the recent achievement of commercial readiness of A3D’s technology and is secured by the funds from the Placement and SPP.
ASX CODE: A3D ACN: 601 164 505 Immediate activities include printer and business readiness preparation for contract printing and active business development engagement to promote this capability and capacity to new and existing customers such as Granges, BAE and Additive Now clients including Alcoa, Woodside, Chevron and their OEMs.
A3D has commenced the process to confirm the preferred configuration of a baseline commercial 4 x 1500W printer and will engage with a contract manufacturer to confirm the manufacturing cost for the baseline commercial printer.
As announced recently, A3D has engaged United States and Australian based consultants to assist with developing relationships with a range of potential partners. These consultants will build-out the Company’s “go-tomarket“ strategy and undertake business development activities to secure a partner for A3D and initiate a transaction for the commercialisation of A3D’s technology.
Chief Executive Officer Peter Snowsill commented;
“The Company is pleased with the success of the SPP offer which, together with the recent share placement provides the Company with sufficient funding to execute our commercialisation strategy over the next 12 months. We thank
auroralabs3d.com
t. +61 (0)8 9434 1934 e. [email protected]
Aurora Labs Ltd 41 – 43 Wittenberg Drive Canning Vale, WA, AUSTRALIA 6151
ACN: 601 164 505 ASX Code: A3D
30 Nov 2021
Empowering Industry to Revolutionise Manufacturing
our loyal shareholders for their support as we enter this exciting new phase of business activity at A3D, to accelerate the commercialisation of our industrial, high productivity, multi-laser printing technology.”
Ends
Approved for release by the Company’s Board of Directors.
For further information, please contact: Peter Snowsill, Chief Executive Officer
+61 (0)8 9434 1934 or by email [email protected]
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Aurora Labs Limited (“the Company”), an industrial technology and innovation company that specialises in the development of 3D metal printers, powders, digital parts and their associated intellectual property.
Aurora Labs is listed on the Australian Securities Exchange (ASX: A3D)
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This announcement contains forward-looking statements which incorporate an element of uncertainty or risk, such as ‘intends’, ‘may’, ‘could’, ‘believes’, ‘estimates’, ‘targets’ or ‘expects’. These statements are based on an evaluation of current economic and operating conditions, as well as assumptions regarding future events.
These events are, as at the date of this announcement, expected to take place, but there cannot be any guarantee that such events will occur as anticipated or at all given that many of the events are outside Aurora’s control.
Accordingly, Aurora and the directors cannot and do not give any assurance that the results, performance or achievements expressed or implied by the forward-looking statements contained in this announcement will actually occur.
For further information, please contact: [email protected]
auroralabs3d.com
t. +61 (0)8 9434 1934
Aurora Labs Ltd 41 – 43 Wittenberg Drive Canning Vale, WA, AUSTRALIA 6151
ACN: 601 164 505 ASX Code: A3D