Aurum Resources

Share Purchase Plan Closure

Aurum Resources Limited (ACN 650 477 286) (ASX:AUE) (the, Company) announces that it has raised $744,100.00 (before costs) pursuant to the Company’s Share Purchase Plan (SPP) that closed on 10 July 2024.


The SPP offered eligible shareholders registered on the Record Date the opportunity to subscribe for new fully paid ordinary shares up to a maximum value of $30,000 per eligible shareholder on the same terms as the Placement to sophisticated investors conducted by the Company in June 2024 (New Shares).

The Company will issue 2,254,837 New Shares at an issue price of $0.33 per share. The New Shares will be issued as per the timetable of the SPP.

The Company maintains the flexibility to place any Shortfall under the SPP Offer within 3 months of the closing date.

The funds raised under the Placement and the Plan will be used to accelerate exploration activities at the Company’s Boundiali Gold Project in Côte d’Ivoire as it targets delineation of an inaugural JORC mineral resource late in CY2024, including for diamond drilling, surveys and other test work, and building a centralised exploration camp at the Boundiali Gold Project site.

The Company would like to thank shareholders for their continued support.


Click here for the full ASX Release

This article includes content from Aurum Resources Limited, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

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