Axiom Mining Limited

Published : April 07th, 2016

Appendix 3B

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Keywords :   Australia | Cash | Georgia | K Street | Market |

Appendix 3B

95fbc17f-8e0f-4fcd-835b-d9a6f65128d8.pdf


Axiom Mining Limited

ARBN 119 698 770


Level 6, 15 Astor Terrace Spring Hill QLD 4000

Australia


T + 61 7 3319 4100

[email protected] www.axiom-mining.com


7 April 2016


Company Announcements Office ASX Limited

Exchange Centre

Level 4, 20 Bridge Street

Sydney NSW 2000


ISSUE OF SHARES UNDER LISTING RULE 7.1A AND APPENDIX 3B

Axiom Mining Limited ('the Company') is pleased to advise that subsequent to the announcement of 1 April 2016 regarding new funding, it has now issued a total of 28,638,893 fully paid ordinary shares at an issue price of $0.18 per share to existing and new sophisticated and wholesale investors raising a gross amount of $5.155 million. Of the above named shares, a total of 6,416,670 were issued under the Company's 10% placement capacity under Listing Rule 7.1A.

The Company provides the following information as required under ASX Listing Rule 3.10.5A in respect of the shares issued under the Company's 10% placement capacity under Listing Rule 7.1A:


  1. The dilutive effect of the placement on existing shareholders is as follows:


    Shares

    Percentage (%)

    Number of shares on issue prior to placement

    284,093,386

    90.84

    Dilution as a result of issue under Listing Rule 7.1A

    6,416,670

    2.05

    Dilution as a result of issue under Listing Rule 7.1

    22,222,223

    7.11

    Number of shares on issue following placement

    312,732,279

    100.00


  2. The 6,416,670 shares under Listing Rule 7.1A were issued to sophisticated and professional investors as it was considered to be the most efficient mechanism for raising funds in a timely manner

  3. There were no underwriting arrangements entered into, and

  4. There was a 4.84% fee payable to Wilson HTM on the amount raised.


An Appendix 3B for the issue of the 22,222,223 shares issued under Listing Rule 7.1 was released on 5 April 2016. An Appendix 3B for the issue of 6,416,670 shares issued under Listing Rule 7.1A is attached.


Yours sincerely


Paul Frederiks Company Secretary



1 of 1

1.5Rule 2.7, 3.10.3, 3.10.4, 3.10.5

Appendix 3B

New issue announcement, application for quotation of additional securities

and agreement

Information 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

AXIOM MINING LIMITED


ABN

81 119 698 770


We (the entity) give ASX the following information.


Part 1 - All issues

You must complete the relevant sections (attach sheets if there is not enough space).


1

+Class of +securities issued or to be issued

Shares

2

Number of +securities issued or to be issued (if known) or maximum number which may be issued

6,416,670

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)

Ordinary shares issued under a private placement as announced 1 April 2016.



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:

  • the date from which they do

  • the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment

  • the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment

Ordinary shares issued will rank pari passu with the existing fully paid ordinary shares.


Ordinary shares issued on the exercise of options will rank pari passu with existing fully paid ordinary shares.

5

Issue price or consideration

$0.18 per share

6

Purpose of the issue

(If issued as consideration for the acquisition of assets, clearly identify those assets)

Funds will be used for the development of the San Jorge tenement and for general working capital.

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

31 March 2016




6c

Number of +securities issued without security holder approval under rule 7.1

Nil

6d

Number of +securities issued with security holder approval under rule 7.1A

6,416,670

6e

Number of +securities issued with security holder approval under rule 7.3, or another specific security holder approval (specify date of meeting)

Nil

6f

Number of +securities issued under an exception in rule 7.2

Nil

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 up to and including 6 April 2016:

$0.2194

75% of this price: $0.16455

Source of VWAP calculation: Wilson HTM Investment Group

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

Under 7.1 - 1,415,872 shares Under 7.1A - 20,368,676 shares

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.

7 April 2016


Read the rest of the article at www.publicnow.com
Data and Statistics for these countries : Australia | Georgia | All
Gold and Silver Prices for these countries : Australia | Georgia | All

Axiom Mining Limited

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CODE : AVQ.AX
ISIN : AU000000ASX7
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Axiom Mining is a silver and gold exploration company based in Australia.

Its main exploration properties are OK MINE, MT MOLLOY, CARDROSS, PINEVALE and WHITE HILLS in Australia and PU SAM CAP, QUANG BINH and QUANG TRI in Vietnam.

Axiom Mining is listed in Australia. Its market capitalisation is AU$ 8.7 millions as of today (US$ 6.7 millions, € 5.5 millions).

Its stock quote reached its highest recent level on April 12, 2011 at AU$ 1.26, and its lowest recent point on May 24, 2019 at AU$ 0.02.

Axiom Mining has 348 620 000 shares outstanding.

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4/19/2016Notice to the Financial Markets Authority
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