Alt Resources Limited (ASX:ARS) is pleased to advise that, further to its ASX announcement of 5 August 2019, the Company has now settled Tranche 1 of its $4m placement to investors qualifying under Section 708 of the Corporations Act 2001 (Cth) via the issue of 85,000,000 shares.

Alt Resources received $2,125,000 (before issue costs). These funds will be primarily used for the ongoing development of the Company's Mt Ida and Bottle Creek Gold Prejects; vendor payment(s) and for general working capital.

47,200,000 Shares were issued using the Company's available placement capacity under ASX Listing Rule 7.1 and 37,800,000 Shares were issued using the Company's available placement capacity under ASX Listing Rule 7.1A. The remaining placement shares (tranche 2) will be issued subject to shareholder approval at a meeting to be called for around 12 September 2019.


About Aurenne Alt Resources Pty Ltd

Aurenne Alt Resources Pty Ltd is an Australian based mineral exploration company that aims to become a gold producer by exploiting historical and new gold prospects across quality assets and to build value for shareholders.

 

Contact

Andrew Sparke
Executive Director
Email: andrew@altresources.com.au

Peter Nesveda
Investor Relations and Corporate Affairs
Mob: +61 (0) 412 357375
Email: peter@intuitiveaustralia.com.au



Link: Completion of Placement - Tranche 1 and Appendix 3B


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