Offer Price

A$0.0085

per share

Offer Size

A$500,000

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Placement

Aruma Resources Limited (ASX:AAJ)

AAJ

Lead Manager

Offer Price

A$0.0085

per share

Offer Size

A$500,000

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Placement

Offer Details

Issue Price (Per Share)

A$0.0085

Discount

22.73%

Offer Size

A$500,000

Shares Available

58,823,529

Private Placement Offer utilising the company’s Listing Rule 7.1 & 7.1A capacity to raise up to $500k with the ability to take oversubscriptions at $0.0085. The offer comes with a 1:1 free attaching option under a new unlisted option class. The terms of the options; exercisable at $0.017, expiring 30th June 2028. The issuance of the options will be subject to shareholder approval at an upcoming general meeting and ASX Listing Rules.

Approximately 55,514,543 shares will be settled in the first tranche, pursuant to the Company’s placement capacity. Additional funds received will be subject to shareholder approval at the same general meeting. Board and Management intend to participate $50k under the offer, subject to shareholder approval.

Documents & Downloads

Term Sheet

Investor Presentation

Company Overview

Aruma Resources Ltd (ASX: AAJ) is an Australian mineral exploration company with a multi-commodity focus. The company's key projects include the Saltwater Project in Western Australia's Pilbara region, the Salmon Gums Project in the Eastern Goldfields, and the Fiery Creek Project in Queensland's Mt Isa region.

Use of Funds

The funds raised will be focused towards:

Use of Funds

Application

Drilling & Exploration

General Working Capital Purposes

Indicative Timetable

The below dates are indicative only and are subject to change without notice. The Company and The Lead Manager reserve the right to extend the Closing Date of the offer or close the capital raise early without notice. All times are in AEDT (Sydney, Australia) unless stated otherwise.

AAJ placed in Trading Halt

Monday April 14 2025

Placement Offer Opens

9am Monday April 14 2025

Placement Offer Closes

5pm AEST Tuesday April 15 2025

Offer letters accepted

8pm AEST Tuesday April 15 2025

AAJ Recommences Trading

Wednesday April 16 2025

DvP Settlement of Shares – Tranche 1

Wednesday April 23 2025

Allotment of Shares – Tranche 1

Thursday April 24 2025

General Meeting

Approx Late May 2025

DVP Settlement – Tranche 2 (If Applicable)

Approx Early June 2025

Allotment of Shares – Tranche 2 (If Applicable)

Approx Early June 2025

Board & Management

James Moses

Chairman

James is the founder and managing director of Mandate Corporate and has an extensive background in investment markets and the media.

His career began in the investment market, spanning a period of 15 years where held a number of business development roles for leading global fund managers, and was also a private client adviser for a high-net-worth investment advisory firm. Prior to establishing Mandate Corporate, James was Investor Relations Manager for a major national public relations firm. He has also previously worked as a business and finance journalist and was editor of Australia’s leading resource sector investor publication.

Grant Ferguson

Managing Director

Grant brings over 30 years of international experience as a geologist and director in the resource exploration and mining industry. He possesses extensive expertise in both the technical and corporate management of junior public and private exploration companies. Grant has successfully guided projects from initial concept through to resource development and operational stages across Australia and Africa.

Brett Smith

Director

Brett has more than 30 years’ experience as a geologist, manager, consultant and director in the resource exploration and mining industry throughout Australia and internationally. He has extensive experience in both the corporate management and financing of junior exploration companies and has overseen the operations of several ASX listed companies with offshore mineral exploration and personnel.

Phillip MacLeod

Company Secretary

Mr MacLeod has extensive commercial experience and has held the position of company secretary with listed public companies since 1995. He has provided corporate, management and accounting advice to several Australian and international public and private companies involved in the resource, technology, property and healthcare industries.

Disclaimer

This site does not constitute an offer, recommendation, or invitation to any person, nor does it purport to provide all of the information an interested party may require in order to investigate the affairs of Aruma Resources Limited. This site is provided for information only and has not been prepared with the intention that the recipient should rely on it. Liquidity Technology Pty Ltd ("Liquidity") does not make any representation in relation to the contents of this site or give any assurances as to the accuracy or the degree of care or diligence used in preparing this document. The information, data, and advice herein is provided to recipients on the clear understanding that Liquidity nor any of its representatives, directors, officers, employees, agents, or advisers makes any representation or warranty about its accuracy, reliability, completeness, or suitability for any particular purpose and does not accept liability (including, but not limited to, for any expenses, losses, damages, and/or costs (including, but not limited to, indirect or consequential damage)) nor take any responsibility of any kind whatsoever (including, but not limited to, whether in contract, tort, financial or otherwise) for the information, data, or advice contained in or for any omission or for any other information, statement, or representation provided to any recipient (including, but not limited to, as a result of information, data, or advice being inaccurate, unreliable, incomplete, or unsuitable in any way and for any reason whatsoever). Users of this site must conduct their own investigation and analysis regarding any information, statement, or representation contained or provided to any recipient or its associates by Liquidity or any of the Liquidity Personnel. Each recipient waives any right of action, which it has now or in the future against Liquidity or any of the Liquidity Personnel in respect of any errors or omissions on or from this site, however caused. All rights are reserved. If the whole or any part of a provision of this "Notice and Disclaimer" is invalid, illegal, or unenforceable, then such provision will be severed and neither that part or provision or its severance will affect the validity or enforceability of the remaining parts or provisions.

Disclosure of Interest: Liquidity receives commission from dealing in securities and its introducers of business may directly share in this commission. Liquidity and its associates may hold shares in Aruma Resources Limited.