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Alara Resources Limited

Publié le 03 août 2016

Closure of Renounceable Rights Issue

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Mots clés associés :   9/11 | Copper | Oman | Precious Metals | Zinc |

Closure of Renounceable Rights Issue

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]

ASX/MEDIA RELEASE

Wednesday, 3 August 2016

CLOSURE OF RENOUNCEABLE RIGHTS ISSUE

Alara Resources Limited (ASX: AUQ) (Company) is pleased to announce the successful completion of a renounceable pro rata entitlement offer of shares, made pursuant to the prospectus dated 8 July 2016 on the basis of 1 new share for every 7 existing share held at 14 July 2016 (Rights Issue).

A total of 72,287,857 shares were offered to eligible shareholders under the Rights Issue at an issue price of

$0.02 (2 cents) per share to raise approximately $1.45M before costs.

Acceptances of entitlement to 34,161,653 shares were received, along with applications for 11,534,941 additional shares and 160,000 shortfall shares to raise a total of $917,131.88.

The remaining shortfall of 26,431,263 shares will be dealt with in accordance with the procedures set out in the prospectus.

The Company is pleased with the outcome and the level of support it received from its shareholders and new investors, particularly in these difficult market conditions. The Board believes this reflects the quality of the Company's projects and the exciting milestones that Alara aims to achieve in the near future.

- ENDS -

For further information, please contact:

Justin Richard T | +61 8 9481 0389

Managing Director E | [email protected]

Elizabeth Hunt T | +61 8 9481 0389

Company Secretary E | [email protected]

About Alara Resources

Alara Resources Limited (ASX: AUQ) is an Australian-based minerals exploration and mine development company with a portfolio of projects in Saudi Arabia and Oman. Alara has completed a Definitive Feasibility Study (DFS) on its flagship Khnaiguiyah Zinc-Copper Project in Saudi Arabia and an Advanced Scoping Study on its Daris/Washihi Copper-Gold Project in Oman. The Company is now transitioning towards establishing itself as an emerging base and precious metals mine development and production company. For more information, please visit: www.alararesources.com.

ASX Code | AUQ

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Données et statistiques pour les pays mentionnés : Oman | Tous
Cours de l'or et de l'argent pour les pays mentionnés : Oman | Tous

Alara Resources Limited

CODE : AUQ.AX
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Alara Resources LTD est une société basée en Australie.

Alara Resources LTD est cotée en Australie. Sa capitalisation boursière aujourd'hui est 26,8 millions AU$ (19,3 millions US$, 16,9 millions €).

La valeur de son action a atteint son plus haut niveau récent le 14 janvier 2011 à 0,48 AU$, et son plus bas niveau récent le 05 juin 2015 à 0,01 AU$.

Alara Resources LTD possède 595 689 984 actions en circulation.

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Projets de Alara Resources Limited
12/08/2016Project Updates
Communiqués de Presse de Alara Resources Limited
03/08/2016Closure of Renounceable Rights Issue
15/07/2016Dispatch of Prospectus
12/07/2016Letter to Ineligible Shareholders
08/07/2016Prospectus - Renounceable Issue
08/07/2016Letter to Optionholders - Renounceable Issue
08/07/2016Further Information & Project Update - Al Hadeetha Project
13/06/2016Further Information - Mineralisation at Al Hadeetha Project
08/06/2016Oman Project Update
31/05/2016Project Updates
19/05/2016Khnaiguiyah Zinc-Copper Project - Legal Update
11/05/2016Oman Project Update
13/04/2016Board Appointment and Appendix 3X
01/04/2016Feasibility Study Update
18/01/2016Option Expiry
23/12/2015Potential Breakthrough on Khnaiguiyah Project
18/12/2015Project Update - Oman
01/12/2015Results of Meeting
24/11/2015Recent Developments in Saudi Arabia
18/11/2015Listing Rule Compliance
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