Business
Posting of Annual Report and Issue of New Equity
Posting of Annual Report and Issue of New Equity.
About this update from Shearwater Group Plc
[{"type":"text","content":"\n \nRNS Number : 6788P Aurum Mining PLC 21 August 2014 \n \n\nAURUM MINING PLC\n (AIM: AUR)\n21 August 2014\n \nPosting of Annual Report and Issue of New Equity\n \nAurum Mining plc (\"Aurum\" or the \"Company\"), the Spanish focused gold and tungsten explorer, announces that it has published its Annual Report and accounts for the year ended 31 March 2014 which will be posted to Shareholders today. A copy of the document, including notice of Annual General Meeting and Form of Proxy will shortly be available on the Company's website, www.aurummining.net. The Company's Annual General Meeting will be held on 29 September at 12 noon at the offices of Wragge Lawrence Graham & Co LLP, 4 More London Riverside, London SE1 2AU.\n \nIn addition, the Company announces a placing of 4,800,000 New Ordinary Shares at a price of 1.25 pence per share to existing Shareholders, to raise £60,000 before expenses (\"the Placing\"). \n \nApplication has been made to the London Stock Exchange for the New Ordinary Shares to be admitted to trading on AIM. It is expected that Admission will become effective at 8.00 a.m. on 28 August 2014.\n \nThe Placing will be used to fund working capital requirements to enable the business to pursue its revised strategy, as set out in its Annual Report.\n \nD. W. Pension Fund Ltd., a long term Shareholder is acquiring £50,000 of New Ordinary Shares taking his total holding up to 36,083,994 shares representing 24.7% of the enlarged share capital. His participation in the Placing constitutes a related party transaction in accordance with AIM Rule 13. The Independent Directors, having consulted with the Company's nominated adviser WH Ireland, consider the terms of the transaction with D. W. Pension Fund Ltd. to be fair and reasonable insofar as its shareholders are concerned.\n \nIn accordance with the Disclosure and Transparency Rules (DTR 5.6.1R) the Company hereby notifies the market that immediately following Admission its issued share capital will consist of 146,091,930 Ordinary Shares of 1p each. The Company does not hold any shares in treasury. Shareholders may use these figures as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Com...