Alara Resources Limited

Published : July 12th, 2016

Letter to Ineligible Shareholders

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Keywords :   9/11 | Australia | Georgia | New Zealand |

Letter to Ineligible Shareholders

Microsoft Word - 20160712 AUQ Ineligble Shareholders Letter

Alara Resources Limited

A.B.N. 27 122 892 719

Level 11, 216 St Georges Tce Perth WA 6000, Australia

GPO Box 2517

Perth WA 6831

Telephone | +61 8 9481 0389

Facsimile | +61 8 9463 6103

Web | www.alararesources.com Email | [email protected]

12 July 2016 Dear Shareholder

Renounceable Rights Issue

On 6 July 2016, Alara Resources Limited (the Company) announced a renounceable pro rata entitlement offer to eligible shareholders of 1 new share for every 7 existing shares held at the record date of 7:00pm (AEST) on 14 July 2016 (Offer). The issue price for the new shares is $0.02.

The Offer will raise $1.45M before issue costs and is fully underwritten by CPS Capital.

Further details of the Offer, including the rights issue timetable and effect on the Company's capital structure are set out in a prospectus lodged with ASIC on 8 July 2016. The prospectus will be dispatched to eligible shareholders on 15 July 2016. The prospectus will be available on the Company's and ASX's websites from that date.

The Company has decided that it is unreasonable to extend the Offer to shareholders with a registered address outside Australia or New Zealand as at the record date (Ineligible Shareholders), having regard to the number of such shareholders, their holdings and the compliance costs required to extend Offer to those shareholders.

The purpose of this letter is to inform you that no offer is being made to you and the prospectus will not be sent to you as you are an Ineligible Shareholder.

This letter is neither an offer to issue securities to you nor an invitation for you to apply for the new securities under the Offer.

As the Offer is renounceable, the Company will appoint a nominee to arrange for the sale of the entitlements that would have been given to you. If the entitlements are sold, the proceeds of sale will be distributed to you (after deducting the costs of the sale).

You do not have to take any action in relation to the Offer.

Yours faithfully

Elizabeth Hunt Company Secretary

ASX Code | AUQ

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Data and Statistics for these countries : Australia | Georgia | New Zealand | All
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Alara Resources Limited

CODE : AUQ.AX
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Alara Resources LTD is based in Australia.

Alara Resources LTD is listed in Australia. Its market capitalisation is AU$ 32.2 millions as of today (US$ 23.2 millions, € 20.3 millions).

Its stock quote reached its highest recent level on January 14, 2011 at AU$ 0.48, and its lowest recent point on June 05, 2015 at AU$ 0.01.

Alara Resources LTD has 595 689 984 shares outstanding.

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Project news of Alara Resources Limited
8/12/2016Project Updates
Corporate news of Alara Resources Limited
8/3/2016Closure of Renounceable Rights Issue
7/15/2016Dispatch of Prospectus
7/12/2016Letter to Ineligible Shareholders
7/8/2016Prospectus - Renounceable Issue
7/8/2016Letter to Optionholders - Renounceable Issue
7/8/2016Further Information & Project Update - Al Hadeetha Project
6/13/2016Further Information - Mineralisation at Al Hadeetha Project
6/8/2016Oman Project Update
5/31/2016Project Updates
5/19/2016Khnaiguiyah Zinc-Copper Project - Legal Update
5/11/2016Oman Project Update
4/13/2016Board Appointment and Appendix 3X
4/1/2016Feasibility Study Update
1/18/2016Option Expiry
12/23/2015Potential Breakthrough on Khnaiguiyah Project
12/18/2015Project Update - Oman
12/1/2015Results of Meeting
11/24/2015Recent Developments in Saudi Arabia
11/18/2015Listing Rule Compliance
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