Aussie Q Ressources

Published : July 02nd, 2015

Rights Issue Letter to Shareholders

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Rights Issue Letter to Shareholders

Aeon Metals Limited (formerly Aussie Q Resources Limited) ABN 91 121 964 725

Level 7, 88 Pitt Street, Sydney, NSW 2000, Australia P.O. Box 8155, Gold Coast MC. Qld 9726, Australia P: 61 7 5574 3830 F: 61 7 5574 3568

W: aeonmetals.com.au

E: [email protected]

ASX Code - AQR

1 July 2015.
Dear Shareholder,

FULLY UNDERWRITTEN NON-RENOUNCEABLE RIGHTS OFFER

On 1July 2015, Aeon Metals Limited (Aeon or the Company) announced a fully underwritten, non- renounceable pro rata entitlement issue to raise approximately A$3,260,927 (before costs and expenses of the offer) (Rights Offer). The Company also announced a refinancing of its debt facility with funds managed by OCP Asia (Hong Kong) Limited which will, subject to Aeon shareholder approvals, will provide some $4.85 million for further work at the Walford Creek Project. The announcement is on Aeon's website and merits your attention.
Under the Rights Offer, eligible shareholders who hold Aeon shares at 5.00pm AEST on the record date of
10 July 2015 (Record Date) will be offered up to 43,479,028 New Shares (subject to roundings) on the basis of one (1) fully paid ordinary share in Aeon for every seven (7) ordinary shares held on the Record Date, at an issue price of A$0.075 per New Share.
The Rights Offer is being undertaken pursuant to an offer document (Offer Document). Full details of the Rights Offer can be found in the Offer Document and Appendix 3B lodged with the ASX on 1 July 2015. A copy of the Offer Document is available to download from both the ASX website (at www.asx.com.au) and Aeon's website (at www.aeonmetals.com.au).
Eligible shareholders will receive on or around 14 July 2015 a copy of the Offer Document including a personalised Entitlement and Acceptance Form which will provide detailed instructions on how to participate in the Rights Offer.

Timetable

Event

Date

Announcement of the Rights Offer

1 July 2015

Offer Document, Appendix 3B and Section 708AA Cleansing Notice released to the ASX

1 July 2015

Notice sent to Eligible Shareholders

2 July 2015

Ex date

(Date from which New Shares commence trading without the entitlement to participate)

8 July 2015

Record Date

(Date for determining Entitlements of Eligible Shareholders to participate in the Rights Offer)

10 July 2015 (5:00pm AEST)

Offer Document and Entitlement and Acceptance Form dispatched to Eligible Shareholders

14 July 2015

Opening Date of Rights Offer

14 July 2015

Closing Date of Rights Offer

27 July 2015 (5:00pm AEST)

New Shares quoted on deferred settlement basis

28 July 2015

Notification to ASX of close of Rights Offer, New Shares taken up and shortfall

30 July 2015

Despatch date

(Expected date of dispatch of transaction confirmation statements)

4 August 2015

Normal trading commences

5 August 2015

Key information

The key information in connection with the Rights Offer is set out below:

Entitlement

Each eligible shareholder will be entitled to subscribe for one (1) new fully paid ordinary share (New Share) for every seven (7) ordinary shares held by the eligible shareholder. Any fractional entitlements will be rounded up to the nearest whole number.

Terms of issue of securities

Each New Share will rank equally with and be issued on the same terms as those quoted fully paid ordinary shares already issued by Aeon. Application for quotation of the New Shares offered under the Rights Offer was made by Aeon on 1 July 2015.

Record Date

The record date to determine entitlements of eligible shareholders is 5.00pm AEST on 10 July

2015 (Record Date).

Shortfall

Eligible shareholders will be able to apply for additional New Shares in excess of their entitlement at the same issue price of A$0.075 per New Share. Allocation of additional New Shares applied for will be subject to there being a shortfall in subscriptions under the Rights Offer and subject to the Board's discretion.

Non- Renounceable

The Rights Offer is non-renounceable. Accordingly rights will not be tradeable on ASX or otherwise transferrable. Shareholders who do not take up their entitlements in full will not receive any value in respect of that part of their entitlement that they do not take up. Shareholders who are not eligible to receive entitlements will not receive any value in respect of entitlements they would have received had they been eligible.

Eligibility

All shareholders as at the Record Date will be eligible to participate in the Rights Offer.

Shares commence trading without the entitlement to participate in the Rights Offer on 8 July

2015 (being the Ex Date for the Rights Offer).

Fully underwritten

The Rights Offer is fully underwritten up to A$3,260,927, representing 100% of the total Rights Offer, by Pitt Capital Partners. The underwriting means that the receipt of the funds sought under the Rights Offer can be guaranteed. The underwriting fee is 5.5 % of the amount underwritten.

Use of Funds

Raised

The capital raised from the Rights Offer will be directed towards Working capital particularly in relation to Walford Creek and to pay the costs of the Rights Offer.

Maximum number of securities to be issued

A maximum of approximately 43,479,028 (subject to roundings) New Shares will be issued under the Rights Offer.. Based on that number, the maximum number of listed ordinary shares on issue following the Rights Offer will be approximately 347,832,225 (subject to roundings).

Fractional entitlements under the Rights Offer will be rounded up to the nearest whole number

Shareholder approval

No shareholder approval will be required for the Rights Offer.

Disclosure

The Rights Offer is being made in accordance with section 708AA of the Corporations Act with a cleansing notice.

If you are eligible and wish to participate in the Rights Offer, it will be necessary for you to complete and return the personalised Entitlement and Acceptance Form that will accompany the Offer Document in accordance with the instructions on that form.
If you have any queries about the Rights Offer, please contact your stockbroker or other professional adviser or the Company's Share Registry, Boardroom Pty Limited, on 1300 737 760 (within Australia) or
+61 2 9290 9600 (outside Australia).
For and on behalf of Aeon Metals Limited Stephen J Lonergan
Company Secretary

2

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Aussie Q Ressources

DEVELOPMENT STAGE
CODE : AQR.AX
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Aussie Q Res. is a copper and silver development stage company based in Australia.

Aussie Q Res. develops copper, silver and molybdenum in Australia, and holds various exploration projects in Australia.

Its main asset in development is WHITEWASH in Australia and its main exploration properties are GORDON'S KNOB, KILDARE, KIWI CARPET and RAWBELLE in Australia.

Aussie Q Res. is listed in Australia. Its market capitalisation is AU$ 1.2 billions as of today (US$ 851.5 millions, € 752.7 millions).

Its stock quote reached its lowest recent point on December 25, 2015 at AU$ 0.03, and its highest recent level on February 21, 2020 at AU$ 4.10.

Aussie Q Res. has 347 829 984 shares outstanding.

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Annual reports of Aussie Q Ressources
2012 Annual Report
Annual Report to Shareholders 2012
2011 Annual Report
Annual Report to Shareholders 2011
2009 Annual Report
2008 Annual report
2007 Anuual Report
Nominations of Aussie Q Ressources
12/21/2011Managing Director Appointment
Financials of Aussie Q Ressources
3/14/2012Half Yearly Report & Accounts
4/29/2011AQR Quarterly Activities & Cashflow Report Mar 2011
Project news of Aussie Q Ressources
9/10/2012John Hill Drill Results
9/6/2012Letter of Intent with Rio Tinto Exploration Pty Ltd
5/9/2012John Hill Discovery Results
2/23/2012Progress Report Drilling at John Hill
8/30/2011AQR Signs New Drilling Contract
5/31/2011(Whitewash)Resource Estimate Clarification
5/30/2011(Whitewash)Resource Update Greater Whitewash & Summary Report
4/28/2008EXTENSIVE BROAD HIGH GRADE MOLYBDENUM INTERCEPTS AT WHITEWAS...
4/21/2008(Whitewash)ADDITIONAL NEW MOLYBDENUM INTERCEPTS
4/10/2008(Juicy Fruit)1000m RC DRILLING PROGRAMME AT JUICY FRUIT COMPLETED
3/31/2008(Whitewash)CONFIRMS NEW MOLYBDENUM INTERCEPTS
3/7/2008(Whitewash)PROJECT - UPDATE
1/29/2008(Whitewash)CONFIRMS FURTHER NEW MOLYBDENUM INTERCEPTS
12/12/2007(Whitewash)LATEST DRILL RESULTS CONFIRM MOLY GRADE AT WHITEWASH
10/16/2007HIGH GRADE MOLYBDENUM ASSAYS AT WHITEWASH PROJECT IN CENTRAL...
Corporate news of Aussie Q Ressources
7/2/2015Rights Issue Letter to Shareholders
7/1/2015Cleansing Notice Rights Issue
7/1/2015Rights Issue & Refinancing
6/24/2015Result of General Meeting
11/14/2012Becoming a Substantial Shareholder
11/12/2012Appendix 3B
11/9/2012SLWQ Transaction
11/8/2012Rio Tinto JV Executed
10/31/2012uarterly Activities & Cashflow Report Sep 2012
10/29/2012Notice of 2012 AGM
8/27/2012Name Change to Aeon Metals Limited
7/31/2012uarterly Activities & Cashflow Report Jun 2012
5/29/2012Change of Share Registry Provider
5/23/2012Substantial Shareholding SOL
5/21/2012Appendix 3Z, Messrs. Griff & Haren
5/11/2012Cleansing Notice
5/8/2012Reinstatement to Official Quotation
5/8/2012Appendix 3B
5/8/2012Placement
5/4/2012Suspension from Official Quotation
5/2/2012Trading Halt
4/30/2012uarterly Activities & Cashflow Report Mar 2012
3/30/2012Appendix 3Y John Godhy
3/28/2012Appendix 3Y John Goody
2/21/2012Appendix 3B New Issue Announcement
2/21/2012(Kiwi Carpet)Progress Report Kiwi Carpet Greater Whitewash
1/31/2012uarterly Activities & Cashflow Report Dec 2011
1/9/2012Appendix 3B Exercise of Options
11/29/2011Results of 2011 Annual General Meeting
10/27/2011Notice of Annual General Meeting
10/27/2011uarterly Activities & Cashflow Report Sep 2011
9/22/2011(Whitewash)Metallurgical Test Results Greater Whitewash
9/5/2011ANALYST'S REPORT ON AQR
7/29/2011uarterly Activities & Cashflow Report Jun 2011
7/31/2008Resources Announcement
7/7/2008Resources Announcement
6/24/2008Resources Announcement
5/1/2008Report on Activities – March Quarter 2008
10/23/2007Confirms Four-Fold Expansion of Mineralisation
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AUSTRALIA (AQR.AX)
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