Agui Resources to Raise $2.5 million Through Rights Issue

  • Jun 01, 2020 AEST
  • Team Kalkine

On 01 June 2020, Aguia Resources Limited (ASX:AGR) announced a Renounceable Rights Issue in order to raise up to $2.5 million for financing the developmental activities and advancement at its Tres Estradas Phosphate Project while ensuring maintaining good standing for its copper assets.

AGR looks forward to offering 2 New Shares for every 9 Existing Shares to its shareholders at a price of $0.05 held on a record date of 4 June 2020. The funds raised through the Rights Issue shall also help to ensure adequate working capital availability for AGR.

 


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