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CLARA RESOURCES AUSTRALIA LTD — Capital/Financing Update 2018
Jan 30, 2018
64598_rns_2018-01-30_46e530c1-f4e4-4e02-900d-4abc692a9834.pdf
Capital/Financing Update
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ASX Announcement
Aus Tin Mining Limited (ASX: ANW)
31 January 2018
Information Disclosed under ASX Listing Rule 3.10.5A
Aus Tin Mining Ltd (ASX: ANW) today issued 34,957,244 fully paid ordinary shares pursuant to a private placement. The Company provides the following information required under ASX listing rule 3.10.5A.
- The dilutive effect of the issue on existing shareholders is as follows:
| a) | Placement issued under Listing Rule 7.1 (12,393,136) | 0.63% |
|---|---|---|
| b) | Placement issued under Listing Rule 7.1A (22,564,108) | 1.15% |
| Total dilution as a result of the combined issue | 1.78% | |
| 2. 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 | 94.37% |
|---|---|---|
| b) | Pre-placement security holders who did participate | 5.63% |
| c) | Placement participants who were new holders | 0% |
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Issued as Conversion shares pursuant to, and in conjunction with the repayment of, the Convertible Security Funding Agreement with the Australian Special Opportunity Fund L.P, a fund managed by the Lind Partners, as originally announced on 15 June 2017.
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There is no fee incurred by the Company in connection with this issue.
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The issuing share price is determined by the Convertible Security Fund Agreement.
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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
Aus Tin Mining Limited Level 27, 111 Eagle Street, Brisbane, Qld 4000 (GPO Box 5261) Phone: 07 3303 0611, Fax: 07-3303 0681
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
About Aus Tin Mining Limited
Aus Tin Mining Limited (ASX: ANW) has a vision to become a major Australian tin producer. The Company has recommenced production at the high grade Granville Tin Project located north of Zeehan (TAS). Subject to regulatory approvals, the Company intends to expand the Granville Tin Project and undertake exploration to extend the Life of Mine. The Company is also developing the world class Taronga Tin Project located near Emmaville (NSW). The Company defined and announced its maiden JORC compliant resource for the Taronga Tin Project in late 2013, and testwork and exploration activities on site have revealed potential credits for copper, silver, tungsten, molybdenum, lithium and rubidium. Highly prospective regional targets have also been established within the Company’s broader tenement footprint, and within trucking distance of the proposed processing site at Taronga. Plans for a staged development of the Taronga Tin Project are in formation, together with the associated approvals processes.
The Company also maintains an active exploration program. The Company holds a portfolio of exploration licenses prospective for nickel, cobalt and copper (Kilkivan QLD); and tin, copper, silver, tungsten and lithium (Torrington NSW).
Aus Tin Mining Limited Level 27, 111 Eagle Street, Brisbane, Qld 4000 (GPO Box 5261) Phone: 07 3303 0611, Fax: 07-3303 0681