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 == == == == ==
AIM Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
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