Asra Completes $3M Placement to Accelerate Leonora Drilling

Asra Minerals Limited (ASX: ASR; “Asra” or “the Company”) is pleased to announce it
has received firm commitments for a two-tranche placement of fully paid ordinary shares
(“New Shares”) to raise up to $3 million (before costs) at $0.002 per share (“Placement”).

Up to approximately 332.9 million New Shares will be issued under Tranche 1 pursuant to the
Company’s existing placement capacity under ASX Listing Rule 7.1 (“Tranche 1”). The issue
of up to a further approximately 1,167 million New Shares under Tranche 2 of the Placement
(including Directors) will be issued subject to shareholder approval, to be sought at the Annual
General Meeting scheduled to be held on 29 May 2025 (“Tranche 2”).

The proceeds from the Placement will be used to advance exploration activities for the
company’s Leonara Gold Projects, evaluation and acquisition of accretive and synergistic
project opportunities, and general working capital and corporate overheads.

Click here for the full press release

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