Completion of Capital Raisings & SPP Shortfall Placement
Released
Released
Announcement PDF
A S X A nn oun c em en t
auricmining
8 December 2022
ASX: AWJ | ACN 635 470 843
Completion of Capital Raisings and
SPP Shortfall Placement
Highlights of this Announcement
•
Completion of SPP and SPP shortfall raises $1.25 million before costs.
•
The SPP raising follows a successful $1.13 million placement.
•
Auric is now well funded to continue its exploration activities in the
Widgiemooltha- Higginsville area of WA.
Auric Mining Limited (ASX: AWJ) (Auric or the Company) advises that it has issued a
total of 3,999,995 Fully Paid Ordinary Shares (Shortfall Shares) to unrelated parties at
an issue price of $0.072 per share, pursuant to the SPP Shortfall Placement
announced on 29 November 2022. The Company has also issued a total of 1,999,994
options on the basis of one option for every two Shortfall Shares (Shortfall Options).
The Company has issued the Shortfall Shares under the Company’s Listing Rule 7.1
capacity. The Shortfall Options have been issued as per the General Meeting held
on 24 November 2022. For further details in relation to the Share Purchase Plan (SPP),
including use of funds, please refer to the ASX announcements dated 21 October
2022 and 29 November 2022 and the Appendix 3B lodged on 25 October 2022
respectively.
The SPP followed the successful placement of $1.13 million to sophisticated and
professional investors as announced on 29 September 2022 (Placement).
All securities have now been issued. The current capital structure is as follows:
Securities on Issue
Code
Listed
Escrowed
Total
Ordinary Fully Paid Shares
AWJ
93,844,623
37,014,968
130,859,591
Options expiring 31 October 2023
AWJO
26,468,174
17,440,001
43,908,175
Options expiring 31 March 2024
AWJOA
16,529,135
-
16,529,135
Funds raised by the Placement and SPP strengthen the Company’s financial position
and provide additional capital for exploration activities in the WidgiemoolthaHigginsville area of WA.
page | 1
+61 8 6155 9046 | info@auricmining.com.au | Level 1, 1 Tully Road, East Perth, WA 6004 | www.auricmining.com.au
ASX Announcement 8 December 2022
Auric Mining Limited (ACN 635 470 843)
On behalf of the Board, the Company wishes to thank existing and new
Shareholders who participated in the Placement and the SPP for their ongoing
support of the Company.
Mark English
Managing Director
This announcement has been approved for release by the Board.
Further information contact:
Mark English
menglish@auricmining.com.au
0409 372 775
page | 2
+61 8 6155 9046 | info@auricmining.com.au | Level 1, 1 Tully Road, East Perth, WA 6004 | www.auricmining.com.au
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