Azumah Resources Limited

Equities

AZM

AU000000AZM5

End-of-day quote Australian S.E. Other stock markets			5-day change	1st Jan Change
- ^AUD	-.--%		-3.03%	-3.03%

2020	IGIC Pte Ltd completed the acquisition of remaining 90.8% stake in Azumah Resources Limited from Caitlyn Limited and others.	CI
2019	Azumah Resources Limited Receives Environmental Permits from the Ghanaian Environmental Protection Agency	CI

Azumah Resources : Entitlements Issue Take-Up and Shortfall Notification

September 05, 2017 at 07:23 pm

ASX and Media Announcement

ASX : AZM

6 September 2017

Entitlements Issue Take-Up and Shortfall Notification

Azumah Resources Limited (ASX:AZM; Company) is pleased to confirm that the recent 1 for 5, fully underwritten, non-renounceable rights issue at $0.02 per share (Rights Issue) to raise A$2.33 million (before costs) closed on 1 September 2017 with shareholders subscribing for a total of 66,095,861 new shares (New Shares) (including applications for additional shares) representing 57% of the total shares on offer.

The shortfall of 50,417,331 shares will be placed with the Lead Manager and Underwriter, Paterson's Securities Limited, in accordance with the Underwriting Agreement disclosed in the Rights Issue documentation.

'The solid support of the rights issue by existing shareholders represents a strong endorsement of the Company's repositioning for its next growth phase following the completion last week of its Earn-In and Shareholders Agreement with private equity group, Ibaera Capital' said Azumah Managing Director, Stephen Stone.

'We welcome to the register our new shareholders and look forward to them also participating in a swift unlocking and adding of value to the Wa Gold Projct by the newly formed partnership'.

New Shares
Total number of New Shares offered:	116,513,192

Number of New Shares Underwritten:	116,513,192
Number of New Shares applied for:	66,095,861
Shortfall to be placed with the Underwriter:	50,417,331

Shareholders are advised that holder statements will be issued within a few days.

For further information please contact:

Stephen Stone Margie Livingston

Managing Director AMN Corporate‌

M: 61 (0) 418 804 564 M: 61 (0) 438 661 131

stone@azumahresources.com.au margie@amncorporate.com

Suite 2/11 Ventnor Ave, West Perth WA 6005 | T +61 (8) 94867911 | www.azumahresources.com.au Page 1 of 1

Azumah Resources Limited published this content on 06 September 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 05 September 2017 23:22:04 UTC.

Original documenthttp://azumahresources.com.au/documents/1710982.pdf

Public permalinkhttp://www.publicnow.com/view/C4FCD9A1980053E93A51ECC13DEF7BA3AC6CD91A

Latest news about Azumah Resources Limited

IGIC Pte Ltd completed the acquisition of remaining 90.8% stake in Azumah Resources Limited from Caitlyn Limited and others.	20-02-06	CI
Azumah Resources Limited Receives Environmental Permits from the Ghanaian Environmental Protection Agency	19-12-19	CI
Azumah Resources Limited Announces Executive Changes Effective from December 2019	19-12-10	CI
Azumah Resources Limited Announces the Cessation of Linton Putland as Director Effective from 14 November 2019	19-11-14	CI
Azumah Resources Limited Announces Appointment of Jonathan Mark Andrew Hronsky as Director	19-11-11	CI
Azumah Resources Limited Announces Retirement of Stephen Stone as Director	19-11-11	CI
Azumah Resources Limited Announces Board Changes	19-11-05	CI
Azumah Resources Recommends Shareholders to Accept the Increased Offer by IGIC Pte	19-10-27	CI
Azumah Resources Limited Receives a Takeover Bid from IGIC Pte Ltd	19-10-16	CI
Azumah Resources Ltd Reports Earnings Results for the Full Year Ended June 30, 2019	19-09-25	CI
IGIC Pte Ltd made an offer to acquire remaining 90.8% stake in Azumah Resources Limited from Caitlyn Limited and others for AUD 29.3 million.	19-09-17	CI
Azumah Resources Limited Completes the Feasibility Study for the WA Gold Project	19-09-10	CI
Azumah Resources Limited Announces Scoping Study Indicates Profitable Underground Mining at Bepkong	19-08-04	CI
Azumah Resources Limited Announces Joint Venture Election	19-07-24	CI
Azumah Resources Limited Updates on Mineral Resource Estimate for Bepkong Deposit at Wa Gold Project	19-07-01	CI
Azumah Resources Limited Announces Exceptionally High Grades at Kunche as Mineralisation Extended to 500M Below Surface	19-05-14	CI
Azumah Resources Limited Updates on Drilling at Wa Gold Project, Ghana	19-04-08	CI
Azumah Resources Limited Announces Consolidated Earnings Results for the Half Year Ended Dec. 31, 2018	19-03-15	CI
Azumah Resources Limited Announces Drilling Extends Substantial High-Grade System At Bepkong	19-02-18	CI
Azumah Resources Limited Provides Updates About Ore Reserves At Its Wa Gold Project, Ghana	19-01-29	CI
Azumah Resources Limited Announces Kunche Drilling Deepens High-Grade Mineralisation	19-01-09	CI
Azumah Resources Limited Confirms High-Grade Continuity at Bepkong Strengthens Case for Underground Mining	18-12-18	CI
Azumah Resources Limited Announces New High-Grade `Blind' Discovery at Bepkong East	18-12-11	CI
Azumah Resources Limited Provides Update on Drilling at its Wa Gold Project in Ghana, West Africa	18-11-11	CI
Azumah Resources Limited Announces Audited Consolidated and Parent Earnings Results for the Year Ended June 30, 2018	18-09-27	CI

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Company Profile

Azumah Resources Limited is an Australia-based company, which is engaged in mineral exploration. The Company is engaged in conducting exploration activities in Ghana, West Africa. The Company is focused on exploring and developing its Wa Gold project. The Wa Gold project is located in the upper west region in the far northwest of Ghana along the border with Burkina Faso. The Wa Gold project consists of tenement blocks, such as Wa-Lawra block and Wa East block. The Wa-Lawra block in the west covers an area of approximately 2,180 square kilometers located to the west and north-west of the town of Wa. The Wa East block includes the Josephine and Julie-Collette license blocks located east of Wa. The Company holds interest in Castle Minerals NL, which includes approximately 10,000 square kilometers of licenses adjacent to the Company. The Company's subsidiaries include Azumah Resources Ghana Ltd, Phoenix Resources Ltd and Azumah Metals (Ghana) Ltd.

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