Aurumin Limited (ASX:AUN) Terminates At-the-Market Facility
Termination Announcement
Aurumin Limited (ASX: AUN) has terminated its At-the-Market Subscription Agreement (ATM) with Acuity Capital. This arrangement previously provided the company with up to $3 million in standby equity capital.
Collateral Shares and Buyback Agreement
Acuity Capital holds 8,000,000 Aurumin Limited fully paid ordinary shares as collateral. The parties agreed to return and cancel these shares for nil consideration, implementing a buy-back agreement in compliance with the Corporations Act 2001. This buy-back will require shareholder approval at the next company meeting.
Future Steps
Aurumin plans to provide further details regarding the buy-back resolution in an upcoming Notice of Meeting and Explanatory Memorandum.
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