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CLARA RESOURCES AUSTRALIA LTD — Capital/Financing Update 2014
Sep 4, 2014
64598_rns_2014-09-04_5aa79c46-cfe6-4562-be7f-56e3a5399aae.pdf
Capital/Financing Update
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ASX Announcement
Aus Tin Mining Limited (ASX: ANW)
5 September 2014
Capital Raising
Aus Tin Mining Limited (ASX:ANW) is pleased to announce the completion of a placement to sophisticated investors as part of a raising of $543,687 at a price of $0.004 to assist with the progress development of the Taronga Tin Project and carry-out work across the Company’s exploration portfolio, including drilling. A total of 135,921,750 shares will be allotted as a result of the placement.
Directors and Management of the Company also participated in the placement, converting 50% or more of fees owing to them for services rendered. Director conversions took place under the Director’s Fee Plan approval granted by shareholders at the Company’s 2013 AGM. Updated Director’s interest statements will be issued shortly.
The Directors are also pleased to advise that the Company intends to offer eligible shareholders an opportunity to participate in the Company’s overall capital raising plans via a pro-rata issue, the terms and documents for which are in the process of being finalised.
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On behalf of the Board KM Schlobohm Company Secretary
Email: [email protected]
Electronic copies and more information are available on the Company website: www.austinmining.com.au
For further information contact:
Mr. Peter Williams CEO, Aus Tin Mining Limited Ph: 07 3303 0611
Karl Schlobohm Company Secretary, Aus Tin Mining Limited Ph: 07 3303 0680
Aus Tin Mining Limited Level 27, 111 Eagle Street, Brisbane, Qld 4000 (GPO Box 5261) Phone: 07 3303 0611, Fax: 07-3303 0681