Aurum Resources

Successful Placement of $2.26M SPP Shortfall

Aurum Resources Limited (ASX:AUE) (Aurum or the Company) is pleased to announce it has secured firm commitments of A$2.26 million at A$0.33 per share (SPP Shortfall Placement). The SPP Shortfall Placement was in strong demand and the A$2.26 million represents the full shortfall under its recently completed share purchase plan (SPP) which closed on 10 July 2024.


The successful SPP Shortfall Placement follows the Company’s oversubscribed A$17 million placement announced on 13 June 2024.

Aurum’s Managing Director Dr. Caigen Wang said:

“Following numerous expressions of interest we are delighted to be able to provide the opportunity for investors to participate in the SPP shortfall. The additional funds will be applied to our ongoing drilling campaign, surveys and other test work.

On behalf of the Board I would like to thank our existing shareholders for their ongoing support and welcome our new investors to the register.”

SPP Shortfall Shares are expected to settle on 14 August 2024 with allotment on or around 15 August 2024. The Company will issue a total of 6,836,061 SPP Shortfall Placement shares under ASX Listing Rule 7.1 as approved by shareholders on 6 August 2024.


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.

AUE:AU
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


Keep reading...Show less

Game-changing gold exploration at prolific Côte d’Ivoire, West Africa.

AUE hits 66m @ 1.07g/t gold from 33m @ Boundiali BD tenement

AUE hits 66m @ 1.07g/t gold from 33m @ Boundiali BD tenement

Aurum Resources (AUE:AU) has announced AUE hits 66m @ 1.07g/t gold from 33m @ Boundiali BD tenement

Download the PDF here.

Jeff Clark, gold and silver bars.

Jeff Clark: Gold Bull Market Running, These Stocks Getting Rewarded Now

Jeff Clark, founder of the Gold Advisor, shares his outlook for gold and silver.

However, he emphasizes that he's less concerned about prices and more interested in making sure his portfolio is prepared to weather global uncertainty.

Keep reading...Show less
Miramar Resources

High-Grade Gold Discovery in First 8 Mile Drill Hole

Miramar Resources Limited (ASX:M2R, “Miramar” or “the Company”) is pleased to announce that the first RC drill hole at the 8 Mile target has intersected high-grade gold and ended in mineralisation.

Keep reading...Show less
Rob McEwen, gold bars.

Rob McEwen: Gold to Go "Much Higher," Mining Stock Mania Not Here Yet

Rob McEwen, chairman and chief owner of McEwen Inc. (TSX:MUX,NYSE:MUX), outlines his gold price outlook as well as future plans for his company.

"If I look at history and the cycles gold has gone through, we have all the ingredients needed to drive it much higher," he told the Investing News Network.

Keep reading...Show less
Shane Williams, gold bars.

Gold to Hit US$4,000, Driver for Next Leg Up — West Red Lake's Shane Williams

Shane Williams, CEO, president and director at West Red Lake Gold Mines (TSXV:WRLG,OTCQB:WRLGF), shares his thoughts on gold's path to US$4,000 per ounce.

"It's established a base, and now as that new institutional money begins to move into gold, that's where I think we'll get that next leg up," he said.

Keep reading...Show less
Aurum Resources

Aurum Resources Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

Latest Press Releases

Related News

×