Ann: $1.48M Entitlement Offer Launched, page-2

ASX RELEASE
A$1.48M Capital Raising: Entitlement Offer Launched
AuKing Mining Limited (ASX: AKN, AuKing) is pleased to advise that it has launched a
pro-rata non-renounceable entitlement offer to existing shareholders to raise up to a
maximum A$1.48M to fund ongoing exploration activities across the Company’s
portfolio of exploration projects.
Highlights:
➢ Launch of a pro-rata non-renounceable entitlement offer of ordinary shares (New Shares) to
existing shareholders on a 2 for 3 entitlement basis at an issue price of 0.7 cents per share
to raise approximately $1.48 million (Entitlement Offer).
➢ For every two (2) New Shares issued to a holder as part of their subscriptions under the
Entitlement Offer, the holder will also receive one (1) unlisted attaching option exercisable
at 3 cents and expiring 30 April 2027 (New Option).
➢ Entitlement Offer is to fund:
o the planned drilling program at the Mkuju uranium project in southern Tanzania;
o a proposed radiometric survey over the Myoff Creek niobium/REE project in eastern
BC, Canada;
o a planned RC drilling program at Sandiego North, part of the Koongie Park copper/zinc
project;
o initial soil sampling program at the newly-acquired Great Codroy uranium project in
Newfoundland, Canada; and
o the costs of the Entitlement Offer and for general working capital purposes.
➢ AuKing’s Directors (Peter Tighe and Paul Williams) have committed to subscribing for their
pro-rata entitlements under the Entitlement Offer.
The issue price of $0.007 per Share under the Entitlement Offer represents a:
• 12.5% discount to the last closing price of $0.008 on 6 September 2024 (being the last
trading day before AuKing announced the Entitlement Offer); and
• 31.4% discount to the 15-day volume weighted average price of AuKing shares on ASX
of $0.0102 as at the same date.
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The Entitlement Offer is not underwritten but Co-Lead Managers Empire Capital Partners Pty
Ltd and Peak Asset Management Pty Ltd have been appointed by the Company to assist on
a best endeavours basis to place any shortfall that may arise in respect of the Entitlement
Offer.
Eligible shareholders will be invited to take up all or part of their entitlements under the
Retail Entitlement Offer with the ability to subscribe for additional New Shares in excess of
their entitlement. The Entitlement Offer will open on Friday, 20 September 2024 and close
at 5:00 pm (Sydney time) on Thursday, 10 October 2024.
Eligible Shareholders include persons who:
• are registered as a holder of fully paid ordinary shares in AuKing as at 7:00 pm
(Sydney time) on Tuesday, 17 September 2024 (Record Date);
• have a registered address in Australia and New Zealand as noted on the Company’s
share register;
• are not in the United States and are not a person (including nominees or custodians)
acting for the account or benefit of a person in the United States (to the extent such
person holds existing shares for the account or benefit of such person in the United
States); and
• are eligible under all applicable securities laws to receive an offer under the
Entitlement Offer.
Entitlements are non-renounceable and will not be tradeable on ASX or otherwise
transferable. Eligible shareholders who do not take up their Entitlements in full will not
receive any payment or value in respect of those entitlements. Ineligible shareholders will
not receive any payment or value in respect of entitlements that they would otherwise have
received had they been eligible.