Photo by: Duane Daws
JOHANNESBURG (miningweekly.com) – Dual-listed Aureus Mining, which is changing its name to Avesoro Resources, on Tuesday raised $76-million through an equity fundraise.
Through a subscription, principal placing and broker option, Aureus has now admitted 411-million new shares for trading on the Aim and the TSX.
The company's assets include the New Liberty gold mine, in Liberia, where commercial production has been declared.
Further, Aureus would transition to an owner-operator mining model with the completion of the acquisition by Bea Mountain Mining Corporation, a wholly-owned subsidiary of the company, of mining equipment and inventory from Atmaca Services.
Meanwhile, the company said the certificate of amendment to effect the change of its name to Avesoro Resources was filed on December 5 and will take effect on December 7.
“The requisite documents will be filed with the Aim and the TSX and we expect that the company will start trading under its new ticker symbol on December 12,” it stated.