95fbc17f-8e0f-4fcd-835b-d9a6f65128d8.pdf
Axiom Mining Limited
ARBN 119 698 770
Level 6, 15 Astor Terrace Spring Hill QLD 4000
Australia
T + 61 7 3319 4100
[email protected] www.axiom-mining.com
7 April 2016
Company Announcements Office ASX Limited
Exchange Centre
Level 4, 20 Bridge Street
Sydney NSW 2000
ISSUE OF SHARES UNDER LISTING RULE 7.1A AND APPENDIX 3B
Axiom Mining Limited ('the Company') is pleased to advise that subsequent to the announcement of 1 April 2016 regarding new funding, it has now issued a total of 28,638,893 fully paid ordinary shares at an issue price of $0.18 per share to existing and new sophisticated and wholesale investors raising a gross amount of $5.155 million. Of the above named shares, a total of 6,416,670 were issued under the Company's 10% placement capacity under Listing Rule 7.1A.
The Company provides the following information as required under ASX Listing Rule 3.10.5A in respect of the shares issued under the Company's 10% placement capacity under Listing Rule 7.1A:
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The dilutive effect of the placement on existing shareholders is as follows:
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Shares
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Percentage (%)
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Number of shares on issue prior to placement
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284,093,386
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90.84
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Dilution as a result of issue under Listing Rule 7.1A
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6,416,670
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2.05
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Dilution as a result of issue under Listing Rule 7.1
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22,222,223
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7.11
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Number of shares on issue following placement
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312,732,279
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100.00
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The 6,416,670 shares under Listing Rule 7.1A were issued to sophisticated and professional investors as it was considered to be the most efficient mechanism for raising funds in a timely manner
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There were no underwriting arrangements entered into, and
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There was a 4.84% fee payable to Wilson HTM on the amount raised.
An Appendix 3B for the issue of the 22,222,223 shares issued under Listing Rule 7.1 was released on 5 April 2016. An Appendix 3B for the issue of 6,416,670 shares issued under Listing Rule 7.1A is attached.
Yours sincerely
Paul Frederiks Company Secretary
1 of 1
1.5Rule 2.7, 3.10.3, 3.10.4, 3.10.5
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 01/07/96 Origin: Appendix 5 Amended 01/07/98, 01/09/99, 01/07/00, 30/09/01, 11/03/02, 01/01/03, 24/10/05, 01/08/12, 04/03/13
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Name of entity
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AXIOM MINING LIMITED
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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).
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1
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+Class of +securities issued or to be issued
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Shares
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2
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Number of +securities issued or to be issued (if known) or maximum number which may be issued
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6,416,670
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3
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Principal terms of the
+securities (e.g. 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)
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Ordinary shares issued under a private placement as announced 1 April 2016.
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4
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Do the +securities rank equally in all respects from the +issue date with an existing +class of quoted +securities?
If the additional +securities do not rank equally, please state:
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the date from which they do
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the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment
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the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment
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Ordinary shares issued will rank pari passu with the existing fully paid ordinary shares.
Ordinary shares issued on the exercise of options will rank pari passu with existing fully paid ordinary shares.
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5
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Issue price or consideration
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$0.18 per share
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6
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Purpose of the issue
(If issued as consideration for the acquisition of assets, clearly identify those assets)
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Funds will be used for the development of the San Jorge tenement and for general working capital.
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6a
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Is the entity an +eligible entity that has obtained security holder approval under rule 7.1A?
If Yes, complete sections 6b - 6h in relation to the +securities the subject of this Appendix 3B, and comply with section 6i
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Yes
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6b
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The date the security holder resolution under rule 7.1A was passed
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31 March 2016
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6c
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Number of +securities issued without security holder approval under rule 7.1
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Nil
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6d
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Number of +securities issued with security holder approval under rule 7.1A
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6,416,670
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6e
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Number of +securities issued with security holder approval under rule 7.3, or another specific security holder approval (specify date of meeting)
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Nil
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6f
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Number of +securities issued under an exception in rule 7.2
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Nil
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6g
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If +securities issued under rule 7.1A, was issue price at least 75% of 15 day VWAP as calculated under rule 7.1A.3? Include the +issue date and both values. Include the source of the VWAP calculation.
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Yes.
15 day VWAP up to and including 6 April 2016:
$0.2194
75% of this price: $0.16455
Source of VWAP calculation: Wilson HTM Investment Group
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6h
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If +securities were issued under rule 7.1A for non-cash consideration, state date on which valuation of consideration was released to ASX Market Announcements
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n/a
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6i
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Calculate the entity's remaining issue capacity under rule 7.1 and rule 7.1A - complete Annexure 1 and release to ASX Market Announcements
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Under 7.1 - 1,415,872 shares Under 7.1A - 20,368,676 shares
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7
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+Issue dates
Note: The issue date may be prescribed by ASX (refer to the definition of issue date in rule 19.12). For example, the issue date for a pro rata entitlement issue must comply with the applicable timetable in Appendix 7A.
Cross reference: item 33 of Appendix 3B.
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7 April 2016
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