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.
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