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GOLDARC RESOURCES LIMITED Capital/Financing Update 2015

Aug 17, 2015

Capital/Financing Update

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Torian Resources Limited ( ASX:TNR, Torian or the Company ) is pleased to announce that it has completed the issue and allotment of:

A placement of 14,084,508 ordinary fully paid shares to raise $2,700,000 in working capital for the planned exploration program and to further the Company’s growth initiatives;
2,250,000 ordinary fully paid shares in consideration for services associated with the capital raising; and
130,412 ordinary fully paid shares in consideration for rent of the Company’s office for a 12 month period which commenced April 2015.

This Notice is given by Torian pursuant to section 708A(5)(e) of the Corporations Act 2001 (Cth) ( the Act ). Torian Resources gives notice that:

a) On 14 August 2015, the Company completed a placement of 14,084,508 ordinary fully paid shares;
b) On 11 August, the Company completed the issue and allotment of 1,000,000 ordinary fully paid shares;
c) On 17 August, the Company completed the issue and allotment of 1,250,000 ordinary fully paid shares, escrowed for 12 months from the date of issue;
d) On 17 August, the Company completed the issue and allotment of 130,412 ordinary fully paid shares;
e) The Company has issued the above shares without disclosure to investors under Part 6D.2 of the Act;
f) As at the date of this Notice, Torian Resources has complied with:
- a. The provisions of Chapter 2M of the Act as they apply to Torian; and,
- b. Section 674 of the Act; and
g) As at the date of this Notice, there is no information that is ‘excluded information’ within the meaning of sections 708A(7) and 708A(8) of the Act.

ABN: 72 002 261 565 Unit G4 49 Melville Parade South Perth WA 6151 Phone: 0417 845 855