aim resources raises a$5.6 million (9.5cents)

9.5cent placement to UK investors if its the same UK investors that took EXT placement could see a massive surge to come.


AIM RESOURCES RAISES A$5.6 MILLION
FROM UK INVESTORS
The directors are pleased to advise that they have placed, through their
London based stockbroker, Seymour Pierce, a total of 60,000,000 fully paid
ordinary shares at an issue price of 4 pence per share to UK based institutions
and fund managers to raise GBP 2,400,000 (AUD$5.6 million at an exchange
rate of 0.4225) (“Placement Shares”).
The Placement Shares will be allotted and issued to applicants following
receipt and clearance of their subscription monies pursuant to the Company’s
15% facility.
Company Managing Director, Marc Flory commented “I am very happy with
the positive response and interest shown in Perkoa by the UK investment
institutions. This raising enables us to progress Perkoa Zinc and to drill our
prospective Mumbwa Project which is a copper/gold joint venture with BHP
Billiton”.
The Appendix 3B is attached.
About AIM Resources
The Company’s primary focus is on its world class, high grade Perkoa Zinc
Project.
Perkoa Zinc Project Background
● Reserve (proved and probable) 6.27 million tonnes @ 14.5% Zn = 907,679t
● Represents over US$2 billion in ground metal value at US$2,200/tonne
● Establishment Capital Cost: US$72.5 million
● US$ Cash OPEX 18 cents/lb to mine gate: US$53.5/tonne
● Life of Mine: 14 years
● Project NPV @10%: US$147.7 million
● Project NPV per issued share: A$0.38
● IRR: 43.5%
● Annual revenue two years out forecast at US$100 million
● Simple treatment process: Crushing, Dense Media Separation, Floatation
● ROM Plant Treatment 500,000 tonnes/annum
● Producing 116,000t (avg) in concentrate/annum at 53% Zn - clean concentrate
● 93% recovery
● Total cash OPEX US$102 per tonne ROM ore to port
For further information please contact
Marc Flory, Managing Director
or
Scott Reid, Director
Ph: +61 2 9222 9444
Fax: +61 2 9222 9477
ASX
Announcement
8 March 2006
“African
Focused
Resource
Company”
AIM RESOURCES LIMITED
A.C.N. 009 193 980
Level 5 Angel Place
123 Pitt Street
Sydney NSW 2000
t 61 2 9222 9444
f 61 2 9222 9477
Website
www.aimresources.com.au
Email
[email protected]
AIM Resources Limited is
listed on the ASX with the
symbol “AIM” and on the
Alternative Investment
Market with the symbol
“AIMR”
Appendix 3B
New Issue Announcement
+ See chapter 19 for defined terms. Appendix 3B
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 1/7/96. Origin: Appendix 5. Amended 1/7/98, 1/9/99, 1/7/2000, 30/9/2001, 11/3/2002, 1/1/2003.
Name of entity
AIM Resources Limited
ABN
63 009 193 980
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
Ordinary shares
2 Number of +securities issued or to
be issued (if known) or maximum
number which may be issued
60,000,000 shares
3 Principal terms of the +securities
(eg, 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)
Appendix 3B
New Issue Announcement
+ See chapter 19 for defined terms. Appendix 3B
4 Do the +securities rank equally in all
respects from the date of allotment
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
Yes
5 Issue price or consideration
4 pence ( 9.5 cents based upon an exchange rate of
0.4225)
6 Purpose of the issue
(If issued as consideration for the
acquisition of assets, clearly identify
those assets)
Working capital
7 Dates of entering +securities into
uncertificated holdings or despatch
of certificates
13 March 2006
Appendix 3B
New Issue Announcement
+ See chapter 19 for defined terms. Appendix 3B
Number +Class
8 Number and +class of all +securities
quoted on ASX (including the
securities in clause 2 if applicable)
581,764,031
137,366,789
Ordinary shares
Listed Options exercisable
at 10 cents on or before
30/6/09
Number +Class
9 Number and +class of all +securities
not quoted on ASX (including the
securities in clause 2 if applicable)
6,650,000
3,000,000
7,000,000
18,000,000
10,000,000
16,500,000
14,000,000
Unlisted Options
exercisable at 3 cents on or
before 31/12/06
Unlisted Options
exercisable at 4 cents on or
before 30/9/06
Unlisted Options
exercisable at 6 cents on or
before 30/6/06
Unlisted Options
exercisable at 10 cents on
or before 30/6/06
Unlisted Options
exercisable at 5.5 cents on
or before 3/5/07
Unlisted Options
exercisable at $0.054 or
₤0.0262 on or before 7/9/10
with 10 million vesting
immediately and 6.5 million
having vesting conditions
subject to the share price
Performance Rights
expiring 30 November 2007
10 Dividend policy (in the case of a
trust, distribution policy) on the
increased capital (interests)
N/A
Appendix 3B
New Issue Announcement
+ See chapter 19 for defined terms. Appendix 3B
PART 2 - BONUS ISSUE OR PRO RATA ISSUE
11 Is security holder approval
required?
12 Is the issue renounceable or nonrenounceable?
13 Ratio in which the +securities will
be offered
14 +Class of +securities to which the
offer relates
15 +Record date to determine
entitlements
16 Will holdings on different registers
(or subregisters) be aggregated for
calculating entitlements?
17 Policy for deciding entitlements in
relation to fractions
18 Names of countries in which the
entity has +security holders who
will not be sent new issue
documents
Note: Security holders must be told how their
entitlements are to be dealt with.
Cross reference: rule 7.7.
19 Closing date for receipt of
acceptances or renunciations
Appendix 3B
New Issue Announcement
+ See chapter 19 for defined terms. Appendix 3B
32 How do +security holders dispose
of their entitlements (except by sale
through a broker)?
33 +Despatch date
20 Names of any underwriters
21 Amount of any underwriting fee or
commission
22 Names of any brokers to the issue
23 Fee or commission payable to the
broker to the issue
24 Amount of any handling fee
payable to brokers who lodge
acceptances or renunciations on
behalf of +security holders
25 If the issue is contingent on
+security holders’ approval, the date
of the meeting
26 Date entitlement and acceptance
form and prospectus or Product
Disclosure Statement will be sent to
persons entitled
27 If the entity has issued options, and
the terms entitle option holders to
participate on exercise, the date on
which notices will be sent to option
holders
28 Date rights trading will begin (if
applicable)
29 Date rights trading will end (if
applicable)
30 How do +security holders sell their
entitlements in full through a
broker?
31 How do +security holders sell part
of their entitlements through a
broker and accept for the balance?
Appendix 3B
New Issue Announcement
+ See chapter 19 for defined terms. Appendix 3B
PART 3 - QUOTATION OF SECURITIES
You need only complete this section if you are applying for quotation of securities
34 Type of securities
(tick one)
(a) ��
Securities described in Part 1
(b)
All other securities
Example: restricted securities at the end of the escrowed period, partly paid securities that become fully paid, employee
incentive share securities when restriction ends, securities issued on expiry or conversion of convertible securities
ENTITIES THAT HAVE TICKED BOX 34(A)
ADDITIONAL SECURITIES FORMING A NEW CLASS OF
SECURITIES
Tick to indicate you are providing the information or
documents
35 If the +securities are +equity securities, the names of the 20 largest holders of the
additional +securities, and the number and percentage of additional +securities held by
those holders
36 If the +securities are +equity securities, a distribution schedule of the additional
+securities setting out the number of holders in the categories
1 - 1,000
1,001 - 5,000
5,001 - 10,000
10,001 - 100,000
100,001 and over
37 A copy of any trust deed for the additional +securities
Appendix 3B
New Issue Announcement
+ See chapter 19 for defined terms. Appendix 3B
ENTITIES THAT HAVE TICKED BOX 34(B)
38 Number of securities for which
+quotation is sought
39 Class of +securities for which
quotation is sought
40 Do the +securities rank equally in all
respects from the date of allotment
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
41 Reason for request for quotation
now
Example: In the case of restricted securities, end of
restriction period
(if issued upon conversion of
another security, clearly identify that
other security)
Number +Class
42 Number and +class of all +securities
quoted on ASX (including the
securities in clause 38)
Appendix 3B
New Issue Announcement
+ See chapter 19 for defined terms. Appendix 3B
QUOTATION AGREEMENT
1 +Quotation of our additional +securities is in ASX’s absolute discretion. ASX may
quote the +securities on any conditions it decides.
2 We warrant the following to ASX.
• The issue of the +securities to be quoted complies with the law and is not for an
illegal purpose.
• There is no reason why those +securities should not be granted +quotation.
• An offer of the +securities for sale within 12 months after their issue will not require
disclosure under section 707(3) or section 1012C(6) of the Corporations Act.
Note: An entity may need to obtain appropriate warranties from subscribers for
the securities in order to be able to give this warranty
• Section 724 or section 1016E of the Corporations Act does not apply to any
applications received by us in relation to any +securities to be quoted and that no-one
has any right to return any +securities to be quoted under sections 737, 738 or 1016F
of the Corporations Act at the time that we request that the +securities be quoted.
• We warrant that if confirmation is required under section 1017F of the
Corporations Act in relation to the +securities to be quoted, it has been provided
at the time that we request that the +securities be quoted.
• If we are a trust, we warrant that no person has the right to return the +securities
to be quoted under section 1019B of the Corporations Act at the time that we
request that the +securities be quoted.
3 We will indemnify ASX to the fullest extent permitted by law in respect of any claim,
action or expense arising from or connected with any breach of the warranties in this
agreement.
4 We give ASX the information and documents required by this form. If any information
or document not available now, will give it to ASX before +quotation of the +securities
begins. We acknowledge that ASX is relying on the information and documents. We
warrant that they are (will be) true and complete.
Sign here: ............................................................ Date: 8 March 2006
(Director/Company secretary)
Print name: Wayne Kernaghan
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