Aura Energy Limited (ASX: AEE) announced the completion of the placement of 105,416,664 shares to sophisticated and institutional investors at an issue price of 0.45 cents per share to raise ~ $474,375 before cost.
The capital raising was assisted by Aura Energy’s London AIM broker SP Angel. The raising was conducted with existing as well as new shareholders.
The proceeds raised through the placement would be used to assist the company for general working capital reasons with a focus on achieving financing for Tiris & corporate transactions for the Häggån Vanadium Project as well as the Tasiast South Gold Projects.
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