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CLARA RESOURCES AUSTRALIA LTD — Capital/Financing Update 2019
May 12, 2019
64598_rns_2019-05-12_d5822ed7-e659-478d-ab8e-dbb54b1cdaea.pdf
Capital/Financing Update
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ASX Announcement
Aus Tin Mining Limited (ASX:ANW)
13 May 2019
Extension of SPP Offer
Aus Tin Mining Limited (ASX: ANW, ANW or the Company ) refers to its announcements of 12 April 2019 and 29 April 2019 concerning a Share Purchase Plan allowing eligible shareholders to purchase up to a maximum of $15,000 worth of new shares in the Company at an issue price of $0.011 per share ( SPP ).
In the last week the Company had received a number of enquiries from shareholders who experienced delays with the receipt of their SPP documents. Furthermore, with Aus Tin Mining now having received final permitting approval for Taronga Stage 1 as announced earlier today, the Company has decided to extend the offer period under the SPP until 5:00pm on Friday, 24 May 2019 to allow eligible shareholders more time to consider accepting the offer.
Copies of replacement application forms are available from the Company Secretary.
The revised timetable* for the offer is as follows:
| Event | Date |
|---|---|
| Closingdate of the SPP | Friday,24 May2019 |
| Issue and Allotment of New Shares under the SPP | Thursday,30 May2019 |
| Quotation of New shares under the SPP | Friday,31 May2019 |
| Dispatch of Transaction Confirmation Statements | Friday,31 May2019 |
*All capitalised terms have the meaning given to them in the SPP despatched to shareholders on 1 May 2019
All other terms and conditions of the SPP remain the same. The Company retains the discretion to further alter the SPP’s timetable.
If you have any queries in relation to this SPP, please do not hesitate to contact myself (details below) or Aus Tin’s CEO Mr Peter Williams on 07‐ 3303 0611.
Yours sincerely
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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, Website: www.austinmining.com.au
Email: [email protected]
Electronic copies and more information are available on the Company website: www.austinmining.com.au Company Twitter account: @AusTin_Mining
For further information contact: Peter Williams Karl Schlobohm CEO, Aus Tin Mining Limited Company Secretary, Aus Tin Mining Limited Ph: 07 3303 0611 Ph: 07 3303 0680
About Aus Tin Mining (the Company)
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) and the Company is in the process of expanding the Granville Tin Project and will undertake further 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 test work 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. In December 2017 the Company received approval for the first stage of development at Taronga for a trial mine and pilot plant.
The Company is also actively exploring for cobalt at its Mt Cobalt project west of Gympie (Qld). Recent drilling has returned high grades for an enriched cobalt‐manganese oxide zone. In addition, the Company is exploring an approximately 4km arc along the contact with the Black Snake Porphyry which is prospective for cobalt, nickel, copper and gold.
Aus Tin Mining Limited Level 27, 111 Eagle Street, Brisbane, Qld 4000 (GPO Box 5261) Phone: 07 3303 0611, Fax: 07‐3303 0681, Website: www.austinmining.com.au