Aurumin : Update - Proposed issue of securities - AUN

Proposed issue of securities

Update Summary

For personal use only

Entity name

AURUMIN LIMITED

Announcement Type

Update to previous announcement

Date of this announcement

14/1/2022

Reason for update to a previous announcement

Update of the Appendix 3B following lodgement of the Prospectus of 14 January 2022.

Refer to next page for full details of the announcement

Proposed issue of securities

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Proposed issue of securities

Part 1 - Entity and announcement details

For personal use only

1.1 Name of +Entity

AURUMIN LIMITED

We (the entity named above) give ASX the following information about a proposed issue of +securities and, if ASX agrees to +quote any of the +securities (including any rights) on a +deferred settlement basis, we agree to the matters set out in Appendix 3B of the ASX Listing Rules.

If the +securities are being offered under a +disclosure document or +PDS and are intended to be quoted on ASX, we also apply for quotation of all of the +securities that may be issued under the +disclosure document or +PDS on the terms set out in Appendix 2A of the ASX Listing Rules (on the understanding that once the final number of +securities issued under the +disclosure document or +PDS is known, in accordance with Listing Rule 3.10.3C, we will complete and lodge with ASX an Appendix 2A online form notifying ASX of their issue and applying for their quotation).

1.2	Registered Number Type	Registration Number
ACN	639427099
1.3	ASX issuer code
AUN

1.4 The announcement is

Update/amendment to previous announcement

1.4a Reason for update to a previous announcement

Update of the Appendix 3B following lodgement of the Prospectus of 14 January 2022.

1.4b Date of previous announcement to this update

16/12/2021

1.5 Date of this announcement

14/1/2022

1.6 The Proposed issue is:

A standard +pro rata issue (non-renounceable or renounceable)

A placement or other type of issue

1.6a The proposed standard +pro rata issue is: + Renounceable

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Proposed issue of securities

Part 3 - Details of proposed entitlement offer issue

only
	Part 3A - Conditions
		3A.1 Do any external approvals need to be obtained or other conditions satisfied before the entitlement offer can
		proceed on an unconditional basis?
use	No
	Part 3B - Offer details
		Class or classes of +securities that will participate in the proposed issue and class or classes of +securities
personal	proposed to be issued
ASX +security code and description
		AUN : ORDINARY FULLY PAID
		Is the proposed security a 'New	Will the proposed issue of this	If the entity has quoted company
		class' (+securities in a class that is	+security include an offer of	options, do the terms entitle option
		not yet quoted or recorded by ASX)	attaching +securities?	holders to participate on exercise?
		or an 'Existing class' (additional	No	No
		securities in a class that is already
		quoted or recorded by ASX)?
		Existing class
	D tails of +securities proposed to be issued
		ASX +security code and description
		AUN : ORDINARY FULLY PAID
For	ISIN Code (if Issuer is a foreign company and +securities are non CDIs)
ISIN Code for the tradable rights created under a renounceable right issue

(if Issuer is foreign company and +securities are non CDIs)

Offer ratio (ratio to existing holdings at which the proposed +securities will be issued)

The quantity of additional +securities to be issued

For a given quantity of +securities held

1	4
Proposed issue of securities	3 / 16

Proposed issue of securities

What will be done with fractional entitlements?

Maximum number of +securities proposed to be issued (subject to rounding)

personal use only

Fractions rounded up to the next	24,810,106
whole number
Offer price details for retail security holders
In what currency will the offer be	What is the offer price per +security
made?	for the retail offer?
AUD - Australian Dollar	AUD 0.20000

Oversubscription & Scale back details

Will individual +security holders be permitted to apply for more than their entitlement (i.e. to over-subscribe)?

Yes

Describe the limits on over-subscription

None set at this stage. The Board retains discretion on the limits on over-subscription.

Will a scale back be applied if the offer is over-subscribed?

No

Will these +securities rank equally in all respects from their issue date with the existing issued +securities in that class?

Yes

Part 3C - Timetable

For

3C.1 +Record date

20/1/2022

3C.2 Ex date

19/1/2022

3C.3 Date rights trading commences

19/1/2022

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Proposed issue of securities

3C.4 Record date 20/1/2022

3C.5 Date on which offer documents will be sent to +security holders entitled to participate in the +pro rata issue

25/1/2022

only	3C.6 Offer closing date
		8/2/2022
		3C.7 Last day to extend the offer closing date
		3/2/2022
		3C.8 Date rights trading ends
use	1/2/2022
3C.9 Trading in new +securities commences on a deferred settlement basis
		2/2/2022
		3C.11 +Issue date and last day for entity to announce results of +pro rata
		issue
		15/2/2022
personal	3C.12 Date trading starts on a normal T+2 basis
16/2/2022
		3C.13 First settlement date of trades conducted on a +deferred settlement
		basis and on a normal T+2 basis
		18/2/2022
	Part 3E - Fees and expenses
		3E.1 Will there be a lead manager or broker to the proposed offer?
		No
		3E.2 Is the proposed offer to be underwritten?
For	Yes
3E.2a Who are the underwriter(s)?
		Lazarus Corporate Finance Pty Ltd
		3E.2b What is the extent of the underwriting (ie the amount or proportion of the offer that is underwritten)?
		The Entitlement Offer is partially underwitten by Lazarus Corporate Finance Pty Ltd (Lazarus) for up to $2,000,000 (before
		costs).

3E.2c What fees, commissions or other consideration are payable to them for acting as underwriter(s)?

1. an underwriting fee of 5% of the underwritten amount;
2. a selling fee of 6% of the gross proceeds received from the sale of any Shares offered pursuant to the Entitlement Offer which are not subscribed for pursuant to the Entitlement Offer and not underwritten pursuant to the Underwriting Agreement and which are placed by Lazarus; and

Proposed issue of securities

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