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CLARA RESOURCES AUSTRALIA LTD — Capital/Financing Update 2016
Sep 5, 2016
64598_rns_2016-09-05_73f5d7a8-68d0-45af-8527-d7b781ed362a.pdf
Capital/Financing Update
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ASX Announcement
Aus Tin Mining Limited (ASX: ANW)
6 September 2016
Capital Raising
The Directors of Aus Tin Mining Limited ( the Company ) are pleased to advise that the Company has finalised arrangements with a number of professional and sophisticated investors to raise a total of $750,000 by way of private placement at a price of $0.011 per share. A total of 68,181,818 shares will be allotted as a result of the placement. Funds raised will be used to accelerate exploration at the Company’s cobalt and lithium projects, provide funding to advance the Company’s tin projects, and to meet the costs of the raising. Fiscus Capital Pty Ltd was appointed as Lead Manager to the placement, which was oversubscribed.
The Directors further advise that the Company intends to offer eligible shareholders an opportunity to participate in the Company’s overall capital raising by way of a 1:10 Entitlement Offer also at a price of $0.011 per share, to raise up to $1,660,000. The terms and conditions for the Entitlement Offer, together with the potential for it to be underwritten, are in the process of being finalised and will be issued as soon as available.
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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