19 December 2016
Market Announcements Platform ASX Limited
Exchange Centre 20 Bridge Street
Sydney NSW 2000
Appendix 3BAuroch Minerals Limited advises that further to its announcement on 2 December 2016, the Company has issued 7,500,000 ordinary shares at an effective price of $0.10 per share to raise $750,000 together with a 1-for-2 free attaching option exercisable at 20¢ on or before 23 October 2018 (Placement)1. London and New York listed lithium focused investment company Rare Earth Minerals Plc participated in the Placement representing approximately 7.7% of the Company's issued capital.
Information required under ASX Listing Rule 3.10.5AAuroch provides the following information as required under ASX Listing Rule 3.10.5A:
The dilutive effect of the Placement on existing shareholders is as follow: Number of shares on issue prior to the placement: 76,810,865
Dilution as a result of issue under LR7.1 of 6,509,129 shares
8.47%
Dilution as a result of issue under LR7.1A of 990,871 shares
1.29%
Total Dilution
9.76%
Details of the Company's issued capital following completion of only the shares issued under Listing Rule 7.1A held by pre-issue shareholders and new shareholders are as follows:
Shares
Percentage
Pre-issue shareholders who did not participate in the new issue
76,810,865
98.72%
Pre-issue shareholders who participated in the new issue
-
-
New shareholders who participated in the new issue
990,871
1.27%
Total
77,801,736
100%
990,871 shares were issued under Listing Rule 7.1A and were issued to sophisticated and professional investors as it was considered to be the most efficient mechanism for raising funds at the time.
Commission fees equal to 5% (plus GST) were paid in relation to the issue of the Placement.
Matthew Foy Company Secretary
Auroch Minerals Limited1 6,509,129 Shares issued at $0.0987 per Share under ASX Listing Rule 7.1 and 990,871 Shares issued at $0.1084 per Share under ASX Listing Rule 7.1A.
Auroch Minerals Ltd ABN 91 148 966 545
Unit 5, Ground Floor, 1 Centro Ave, Subiaco WA 6008 Phone: +61 8 9486 4036 Fax: + 61 8 9486 4799 PO Box 510 Subiaco WA 6904 Email: admin@aurochminerals.com.au www.aurochminerals.com.au
Appendix 3BRule 2.7, 3.10.3, 3.10.4, 3.10.5
New issue announcement, application for quotation of additional securities and agreementInformation or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.
Introduced 01/07/96 Origin: Appendix 5 Amended 01/07/98, 01/09/99, 01/07/00, 30/09/01, 11/03/02, 01/01/03, 24/10/05, 01/08/12, 04/03/13
Name of entity |
Auroch Minerals Ltd |
ABN |
91 148 966 545 |
We (the entity) give ASX the following information.
Part 1 - All issuesYou must complete the relevant sections (attach sheets if there is not enough space).
1 | +Class of +securities issued or to be issued |
|
2 | Number of +securities issued or to be issued (if known) or maximum number which may be issued | 1. 6,509,129 2. 990,871 3. 3,750,000 4. 675,000 |
3 | Principal terms of the +securities (e.g. if options, exercise price and expiry date; if partly paid +securities, the amount outstanding and due dates for payment; if +convertible securities, the conversion price and dates for conversion) |
3. Options exercisable at $0.20 on or before 23 October 2018 4. Fully paid ordinary shares |
+ See chapter 19 for defined terms.
04/03/2013 Appendix 3B Page 1
4 | Do the +securities rank equally in all respects from the +issue date with an existing +class of quoted +securities? If the additional +securities do not rank equally, please state:
|
|
5 | Issue price or consideration |
|
6 | Purpose of the issue (If issued as consideration for the acquisition of assets, clearly identify those assets) |
|
6a | Is the entity an +eligible entity that has obtained security holder approval under rule 7.1A? If Yes, complete sections 6b - 6h in relation to the +securities the subject of this Appendix 3B, and comply with section 6i | Yes |
6b | The date the security holder resolution under rule 7.1A was passed | 10 November 2016 |
6c | Number of +securities issued without security holder approval under rule 7.1 | 1. 6,509,129 3. 3,750,000 4. 675,000 |
6d | Number of +securities issued with security holder approval under rule 7.1A | 2. 990,871 |
6e | Number of +securities issued with security holder approval under rule 7.3, or another specific security holder approval (specify date of meeting) | N/A | |
6f | Number of +securities issued under an exception in rule 7.2 | N/A | |
6g | If +securities issued under rule 7.1A, was issue price at least 75% of 15 day VWAP as calculated under rule 7.1A.3? Include the +issue date and both values. Include the source of the VWAP calculation. | Yes 15-day VWAP: 14.46¢ 75% of 15-day VWAP: 10.84¢ Issue date: 16/12/2016 Source: IRESS | |
6h | If +securities were issued under rule 7.1A for non-cash consideration, state date on which valuation of consideration was released to ASX Market Announcements | N/A | |
6i | Calculate the entity's remaining issue capacity under rule 7.1 and rule 7.1A - complete Annexure 1 and release to ASX Market Announcements | Refer Annexure 1 | |
7 | +Issue dates Note: The issue date may be prescribed by ASX (refer to the definition of issue date in rule 19.12). For example, the issue date for a pro rata entitlement issue must comply with the applicable timetable in Appendix 7A. Cross reference: item 33 of Appendix 3B. | 16 December 2016 | |
Number | +Class | ||
8 | Number and +class of all +securities quoted on ASX (including the +securities in section 2 if applicable) | 84,985,865 | Ordinary Shares |
Number | +Class |
+ See chapter 19 for defined terms.
04/03/2013 Appendix 3B Page 3
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