NZX Announcment: Allotment of Shares

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,

Chris Castle
Managing Director

Allotment of Shares

Class of security: Ordinary shares
Number issued: 68,777,778
Issue price: $0.0009 per Share
Payment in cash: Yes
Fully paid: 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