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...
iMetal Resources Announces Non-Brokered Private Placement

iMetal Resources Announces Non-Brokered Private Placement

iMetal Resources Inc. (TSXV: IMR,OTC:IMRFF) (OTCQB: IMRFF) (FSE: A7VA) ("iMetal" or the "Company") is pleased to announce that it will offer (the "Offering") up to 40,000,000 units (each, a "Unit") at a price of $0.10 per Unit, by way of non-brokered private placement, for gross proceeds of up... Keep Reading...
Wooden gavel with long handle rests on a gray marble surface, casting a shadow.

Court Validates Seabridge Gold’s Work Status on Stalled KSM Project

Seabridge Gold (TSX:SEA,NYSE:SA) has secured a favorable but conditional ruling from the BC Supreme Court regarding the development status of its long-stalled KSM project.The court has upheld the BC Environmental Assessment Office’s (EAO) determination that Seabridge had "substantially started"... Keep Reading...
Chris Blasi, gold bars.

Chris Blasi: Gold Bull Run Not Over, "Ultimate Target" Still Much Higher

Chris Blasi, president of Neptune Global, says gold's price run isn't over — while he expects a summer of consolidation, he believes the metal is still in a bull market. He also shares his thoughts on silver, platinum and palladium. Don't forget to follow us @INN_Resource for real-time... Keep Reading...
Stock market graph over gold bars with text reading: "Weekly Editor’s Picks."

Editor's Picks: Gold, Silver Prices Take a Hit, Russia Makes Bold Gold Claim

Gold was shaping up to have a fairly calm week, but a stronger-than-expected US jobs report sent it well under US$4,400 per ounce as the period came to an end.Silver also took a hit, dropping below US$69 per ounce.The report, which shows that nonfarm payrolls rose by 172,000 in May, has further... Keep Reading...
Gold bars overlayed with a Russian flag and financial graphs in the background.

Russia Claims Record Gold Output as Production Estimates Diverge

Russia's natural resources minister surprised the mining industry this week with news that the country's gold output may have hit 485 metric tons in 2025, and should come in at 480 to 500 metric tons this year. The figures are in contrast to independent estimates — according to Metals Focus,... Keep Reading...
Chris Vermeulen, gold bars.

Chris Vermeulen: Gold, Silver Prices — My Upside and Downside Targets

Chris Vermeulen, chief market strategist at TheTechnicalTraders.com, shares his outlook for gold and silver, saying he believes the current cycle is only halfway through. However, he thinks prices for both metals could fall further before resuming their uptrend.Don’t forget to follow us... 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