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CLARA RESOURCES AUSTRALIA LTD — Capital/Financing Update 2016
Sep 7, 2016
64598_rns_2016-09-07_450d1efe-8fe6-4ea9-9ef7-f37cdf50784a.pdf
Capital/Financing Update
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ASX Announcement
Aus Tin Mining Limited (ASX: ANW)
8 September 2016 Information Disclosed under ASX Listing Rule 3.10.5A
Aus Tin Mining Ltd (ASX: ANW) yesterday issued 68,181,818 fully paid ordinary shares pursuant to a private placement. The Company provides the following information required under ASX listing rule 3.10.5A.
| 1. The | dilutive effect of the issue on existing shareholders is as follows: | |
|---|---|---|
| a) | Placement issued under Listing Rule 7.1 (47,916,998) | 3.18% |
| b) | Placement issued under Listing Rule 7.1A (20,264,820) | 1.34% |
| Total dilution as a result of the combined issue | 4.52% |
- Further details of the approximate percentage of the issued capital post the total placement held by pre-placement security holders and new security holders is as follows:
| a) | Pre-placement security holders who did not participate | 95.48% |
|---|---|---|
| b) | Pre-placement security holders who did participate | 0.01% |
| c) | Placement participants who were new holders | 4.51% |
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The placement was issued for cash consideration for the Company’s further development of cobalt and lithium projects and the advance the Company’s tin projects in Australia.
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Fiscus Capital Pty Ltd was appointed as Lead Manager for this placement.
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There is a fee incurred by the Company in connection with the placement.
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A pro-rata Entitlement Offer for existing shareholders will be issued as soon as available on the same terms as this placement.
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On behalf of the Board KM Schlobohm Company Secretary
Aus Tin Mining Limited Level 27, 111 Eagle Street, Brisbane, Qld 4000 (GPO Box 5261) Phone: 07 3303 0611, Fax: 07-3303 0681
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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