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
8m at 8.23g/t from 65m outside 1.59Moz Boundiali MRE area

8m at 8.23g/t from 65m outside 1.59Moz Boundiali MRE area

Aurum Resources (AUE:AU) has announced 8m at 8.23g/t from 65m outside 1.59Moz Boundiali MRE area

Download the PDF here.

Aurum hits 150 g/t gold at Boundiali, Cote d'Ivoire

Aurum hits 150 g/t gold at Boundiali, Cote d'Ivoire

Aurum Resources (AUE:AU) has announced Aurum hits 150 g/t gold at Boundiali, Cote d'Ivoire

Download the PDF here.

MKG: Directors Recommend AUE's Best and Final Offer

MKG: Directors Recommend AUE's Best and Final Offer

Aurum Resources (AUE:AU) has announced MKG: Directors Recommend AUE's Best and Final Offer

Download the PDF here.

Boundiali Gold Project Maiden Resource delivers 1.6 Moz

Boundiali Gold Project Maiden Resource delivers 1.6 Moz

Aurum Resources (AUE:AU) has announced Boundiali Gold Project Maiden Resource delivers 1.6 Moz

Download the PDF here.

TSX and TSXV website on phone screen.

6 Mining and Energy Stocks Make Top 10 on 2025 TSX Venture 50 List

The TSX Venture Exchange has released its annual TSX Venture 50 ranking, recognizing the top-performing companies based on share price appreciation, market capitalization growth and Canadian trading value.

Among this year’s top 10 are six companies from the mining and oil and gas sectors.

Read on to learn about the companies and their assets.

Keep reading...Show less
Three gold bars on price chart with magnifying glass.

What Was the Highest Price for Gold?

Gold has long been considered a store of wealth, and the price of gold all time high often makes its biggest gains during turbulent times as investors look for cover in this safe-haven asset.

The 21st century has so far been heavily marked by episodes of economic and sociopolitical upheaval. Uncertainty has pushed the precious metal to record highs as market participants seek its perceived security. And each time the gold price rises, there are calls for even higher record-breaking levels.

Gold market gurus from Lynette Zang to Chris Blasi to Jordan Roy-Byrne have shared eye-popping predictions on the gold price that would intrigue any investor — gold bug or not.

Keep reading...Show less
Gold coin stacks with up arrow.

Gold Price Hits New Record, Breaking US$2,950 for First Time

The gold price reached yet another record high on Thursday (February 20), breaking US$2,950 per ounce.

The yellow metal rose as high as US$2,954.72 before pulling back to the US$2,935 level, pushed upward by ever-increasing global turmoil, including tariff talks and ongoing tensions between Russia and Ukraine.

Keep reading...Show less
Businessmen shaking hands.

Barrick Gold and Mali Reach Settlement, Ending Two Year Mining Dispute

Barrick Gold (TSX:ABX,NYSE:GOLD) has reportedly reached an agreement with the Malian government after nearly two years of issues, resolving a prolonged conflict over its Loulo-Gounkoto mining complex.

According to Reuters, the deal, which is pending formal approval by Mali’s government, includes financial compensation and regulatory commitments. It will lift gold export restrictions and allow Barrick to resume full operations.

Keep reading...Show less
  Tartana Minerals Limited (ASX:TAT)

Tartana Minerals


Keep reading...Show less
Adam Rozencwajg, gold bars.

Adam Rozencwajg: Gold Cycle Just Starting, Plus Silver and Uranium Outlook

Adam Rozencwajg, managing partner at Goehring & Rozencwajg, shared his thoughts on gold, including where the metal is in the current cycle, what its price potential is long term and what type of gold stock offers the most opportunity at the moment.

He also explained why he thinks a monetary regime change is closer than ever, and why the catalyst for this shift may come from a different place than many market participants expect.

"I think with the highest probability that I've seen in my investing career that the next six months have the risk of looking very different from the last 20 years," 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

×