The Board of Aruma Resources Limited (ASX: AAJ) (Aruma or the Company) announces that it has extended the expiry date of its Controlled Placement Agreement (CPA) with Acuity Capital to 31 January 2022.

As originally announced on 31 January 2018, Aruma entered into the CPA with Acuity Capital to provide the Company with up to $2 million of standby equity capital.

As outlined in the initial CPA announcement, Aruma retains full control of all aspects the placement process: having sole discretion as to whether or not to utilise the CPA, the quantum of issued shares, the minimum issue price of shares and the timing of each placement tranche (if any). There are no requirements on Aruma to utilise the CPA. Aruma may terminate the CPA at any time, without cost or penalty and Aruma can buy back the Collateral Shares for no consideration (subject to shareholder approval). Acuity Capital and the CPA do not place any restrictions at any time on Aruma raising capital through other methods.

Contact:

Peter Schwann

Tel: +61 8 9321 0177

Email: info@arumaresources.com

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