NZX Announcement: Aorere Resources Limited Allotment of Shares

Aorere Resources Limited (NZX: AOR) advises that it has today allotted a total of 5,949,001 ordinary shares.

 2,544,529 of the shares have been issued to Chris Castle, Aorere’s Managing Director. These Shares are issued as consideration for services provided by Chris in accordance with his contract for services with Aorere. The shares were issued at the issue price of $0.00786 per share, reflecting the 20 day volume weighted average price of a share on the NZX Main Board to 31 December 2014.

 Additionally, 3,404,472 shares in aggregate have been issued to Linda Sanders and Jill Hatchwell, respectively, as consideration for services rendered to Aorere, as Directors (in accordance with the relevant contracts for services with Aorere). The shares were issued at the issue price of $0.00738 per share, reflecting the 20 day volume weighted average price of a share on the NZX Main Board to 10 December 2014.

Full details of the allotments are set out below.

 For and on behalf of the Board,
Chris Castle

Managing Director