Aguia Resources Limited Completes a Private Placement Financing

  • April 22, 2020 01:13 PM AEST
  • Team Kalkine

Aguia Resources Limited (ASX:AGR) has concluded a private placement financing for gross proceeds of approximately $730,250.08 by issue of approximately 9,128,126 fully paid Ordinary Shares via a non?brokered private placement to sophisticated and institutional investors at a price of $0.08 per share. The company also issued one half of unlisted option for every share issued, exercisable at $0.16 before April 20, 2022.

The Company looks forward to utilising these funds for advancing the Três Estradas Phosphate Project towards construction and the investigation of direct application natural fertilizer (DANF) opportunities, keeping all tenements in good standing and for general working capital purposes.


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