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 exploration at prolific Côte d’Ivoire, West Africa.

Game-changing gold exploration at prolific Côte d’Ivoire, West Africa. Keep Reading...
Flow Metals to Acquire the Monster IOCG Project in Yukon

Flow Metals to Acquire the Monster IOCG Project in Yukon

Flow Metals Corp. (CSE: FWM) ("Flow Metals" or the "Company") is pleased to report that it has entered into an option agreement dated February 9, 2026 (the "Option Agreement") with Go Metals Corp. ("Go Metals") to acquire the Monster IOCG project (the "Monster Project"), located approximately 90... Keep Reading...
Investor Presentation

Investor Presentation

Aurum Resources (AUE:AU) has announced Investor PresentationDownload the PDF here. Keep Reading...
Dr. Adam Trexler: Physical Gold Market Broken, Crisis Unfolding Now

Dr. Adam Trexler: Physical Gold Market Broken, Crisis Unfolding Now

Dr. Adam Trexler, founder and president of Valaurum, shares his thoughts on gold, identifying a key issue he sees developing in the physical market. "There's a crisis in the physical gold market," he said, explaining that sector participants need to figure out how to serve investors who want to... Keep Reading...
Gold cube labeled "buy" and "sell," stock chart in background.

Trevor Hall: Bull Markets Don’t Always Mean Big Returns

Clear Commodity Network CEO and Mining Stock Daily host Trevor Hall opened his talk at the Vancouver Resource Investment Conference (VRIC) with a strong message: It is still possible to go broke in a bull market.“I want to start with the simple but uncomfortable truth: most investors don't lose... Keep Reading...
Miner inspecting ore rocks on a conveyor in New South Wales, Australia.

How Near-term Production is Changing the Junior Gold Exploration Model

Junior gold companies have traditionally been defined by exploration: identifying prospective ground, drilling to delineate a resource and, ideally, monetising that discovery through a sale or joint venture with a larger producer. While this model has delivered success in the past, changing... Keep Reading...
Sunset view to railway carriages for transportation of bauxite ore on train tracks

Gold Exploration in Guinea: An Emerging Opportunity in West Africa

While much of West Africa’s gold exploration spotlight has historically fallen on countries like Ghana and Mali, Guinea is increasingly emerging as a quiet outlier — a country with proven gold endowment, expansive underexplored terrain and a growing number of active exploration programs. Despite... 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