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.

Aurum Resources

Aurum Resources Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

The Conversation (0)
Aurum Resources (ASX:AUE)

Aurum Resources

Game-changing gold discovery and rapid resource growth in Côte d’Ivoire, West Africa

Game-changing gold discovery and rapid resource growth in Côte d’Ivoire, West Africa Keep Reading...
Dr. Mark Thornton: Has Gold Bottomed? Why it Fell, Key Price Drivers Now

Dr. Mark Thornton: Has Gold Bottomed? Why it Fell, Key Price Drivers Now

Dr. Mark Thornton, senior fellow at the Mises Institute, shares his thoughts on the gold price, outlining its key drivers and explaining why it's gone down since the Iran war began. He also weighs in on the US economy and discusses growing issues in private credit. Don’t forget to follow us... Keep Reading...
Closeup of overlapping silver and gold coins on a textured metal surface.

Precious Metals Price Update: Gold, Silver, PGMs Slide, Rally, Slide on Trump's War Rhetoric

Precious metals experienced another wild week of price action, including a notable rally.The US-Iran war and US President Donald Trump’s rhetoric remain the driving forces behind price action for gold, silver, platinum and palladium. The precious metals continue to move inversely to oil prices... Keep Reading...
MetalSource Mining

MetalSource Mining

MetalSource Mining Inc. is a Canadian mineral exploration company focused on advancing high-potential mineral assets through modern, systematic exploration and value-driven discovery. Keep Reading...
Aterian Plc

Lithosquare AI JV Delivers 8 Priority Targets

Aterian plc (LSE: ATN), the African-focused critical minerals exploration and trading company, is pleased to announce that its artificial intelligence ("AI") collaboration with Lithosquare SAS ("Lithosquare") has completed its target selection phase as per the initially agreed schedule,... Keep Reading...
Blackrock Silver Announces Grant of Deferred Share Units

Blackrock Silver Announces Grant of Deferred Share Units

Blackrock Silver Corp. (TSXV: BRC,OTC:BKRRF) (OTCQX: BKRRF) (FSE: AHZ0) (the "Company" or "Blackrock") announces that it has granted an aggregate total of 56,736 deferred share units ("DSUs") to certain recently appointed directors of the Company pursuant to the Company's Omnibus Equity... Keep Reading...
Blackrock Silver Announces Grant of Deferred Share Units

Blackrock Silver Announces Grant of Deferred Share Units

Blackrock Silver Corp. (TSXV: BRC,OTC:BKRRF) (OTCQX: BKRRF) (FSE: AHZ0) (the "Company" or "Blackrock") announces that it has granted an aggregate total of 56,736 deferred share units ("DSUs") to certain recently appointed directors of the Company pursuant to the Company's Omnibus Equity... Keep Reading...
Aurum Resources

Aurum Resources Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

Interactive Chart

Latest Press Releases

Related News