AIM Resources Ltd.
ASX : AIM
AIM : AIMR

AIM Resources Ltd.

December 03, 2007 10:57 ET

AIM Finalises A$25m Convertible Debenture Offer

SYDNEY, AUSTRALIA--(Marketwire - Dec. 3, 2007) -

THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO THE UNITED STATES OF AMERICA.

AIM Resources Limited (AIM Resources, the Company) (ASX:AIM) (AIM:AIMR) is pleased to announce it has finalised details of a revised A$25m convertible debenture offering (the Offering).

The funds will be utilised to fund ongoing exploration and development of the Company's Perkoa Zinc Mine in Burkina Faso, and other exploration and general corporate purposes.

AIM Resources has priced, allocated and revised the size of its proposed convertible debenture financing that was initially announced on the 13 November 2007.

Under the revised Offering, the Company will issue A$25 million of convertible debentures (the Debentures) that will pay interest of 9.75%, payable semi-annually, and will be convertible into ordinary AIM Resources shares at a price of A$0.22.

The Debentures will mature in five years plus one day from the closing of the Offering.

Westwind Partners Inc. is acting as lead agent for a syndicate (the Agents) in respect of the Offering. The Agents have been granted an option to sell an additional A$7 million of Debentures on the same terms as the Offering, exercisable at any time prior to 30 days after closing of the Offering.

The Offering is scheduled to close on or about 20 December 2007. The Offering will be subject to customary conditions to closing, including the approval of any relevant stock exchange.

Notes about the Debentures

The Debentures that may be issued pursuant to the Offering have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "Act") and may not be offered or sold in the United States absent registration or any applicable exemption from the registration requirement of such Act.

Accordingly, this announcement shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or same would be unlawful prior to qualification under the securities laws of any such jurisdiction.

About AIM Resources

AIM Resources is focused on the acquisition and responsible development of major mining ventures in Africa.

AIM Resources is exploring and/or developing the Perkoa Zinc Project in Burkina Faso, the Mumbwa Copper-Gold Project in Zambia and the Mokopane Nickel-Platinum Project in South Africa while evaluating other projects.

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