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Aruma Resources Ltd Completes Placement

Sunday, 28 Apr 2013 11:37pm EDT 

Aruma Resources Ltd announced that it has completed tranche 2 of a placement of 50 million shares at AUD 0.05 that raised a total of AUD 2.5 million before costs (Placement). Under tranche 2 of the Placement, the Company has raised AUD 1.516 million through the issue of 25.03 million shares to professional and sophisticated investor clients of BBY Limited and a further 5.3 million shares to entities associated with directors. These issues were approved by shareholders in the meeting held on April 17, 2013. The funds raised will be used for targeted gold exploration programs on the Company's existing projects, Glandore, Gindalbie and Jundee South, located in the Kalgoorlie goldfields in Western Australia, as well as costs of the issue and general working capital. 

Company Quote

0.0010 +2.94%
25 Jul 2014