EDITOR: | June 24th, 2013

Aguia Resources Ltd : Expiration of 40,000,000 Phosphate Performance Shares

| June 24, 2013 | No Comments

Aguia-Resources-LimitedJune 24 , 2013 — (Source: Aguia Resources Ltd) — The Board of Aguia Resources Limited (ASX: AGR) (“Aguia” or “Company”) confirms that 20,000,000 A Class Performance Shares and 20,000,000 B Class Performance Shares (together the “Phosphate Performance Shares”) have not met their respective performance conditions within the required timeframe, being three years from their date of issue.

Under the terms of the agreement for the issue of the Phosphate Performance Shares, if the performance conditions were not met by the expiry date, they would convert to a total of two ordinary shares.

As a result of this conversion, the Company will reduce the Phosphate Performance Shares on issue to nil, and increase the ordinary shares on issue by two shares.

Post the expiration of the Phosphate Performance Shares, and the Company’s recent early expiration of the potash performance shares as approved at the Company’s recent shareholder meeting, the capital structure of the Company is as follows:

Ordinary   Shares 122,151,389
Ordinary Shares (escrowed to   21 December 2013) 4,000,000
Ordinary Shares (escrowed to 5   June 2014) 9,409,024
Total Shares 135,560,413
Potash   Performance Shares
(remaining after recent expiration/conversion)
Unlisted   Options
(average exercise price $0.38)

About Aguia
Aguia is an emerging fertiliser development company focusing on phosphate and potash projects in Brazil. Brazil is Latin America’s biggest economy and is heavily reliant on imports of up to 50 per cent of its phosphate and 90 per cent of its potash needs. Aguia is well positioned to capitalise on the growing demand for phosphorus and potash based fertilisers in the expanding agriculture sector in Brazil and controls four large projects, located close to existing infrastructure. The Company is committed to its existing projects whilst continuing to pursue other opportunities within the fertiliser sector.

Raj Shah


Raj Shah has professional experience working for over a half a dozen years at financial firms such as Merrill Lynch and First Allied Securities Inc., ... <Read more about Raj Shah>

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