Aorere Resources Limited: Allotment of Shares
Aorere Resources Limited (NZX: AOR) advises that it has today issued 68,777,778 ordinary shares (Shares) to qualified investors at an issue price of $0.0009 per Share, raising $61,900.00 in new capital.
As previously announced to the market, the capital raised will be used to facilitate the proposed acquisition of an interest in American Innovation Minerals LLC.
Full details of the allotments are set out below.
On behalf of the Board,
Allotment of Shares
|Class of security:||Ordinary shares|
|Issue price:||$0.0009 per Share|
|Payment in cash:||Yes|
|Percentage of class:||6.024%|
|Purpose of the issue:||For working capital|
|Authority for issue:||Board resolution and Listing Rule 7.3.5|
|Date of issue:||25 January 2017|
|Total number of securities on issue following allotment:||1,210,527,280 Shares|