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Aurelia completes capital raise

3rd July 2023

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

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PERTH (miningweekly.com) – Gold miner Aurelia Metals has completed the retail component of its A$40-million equity raise, raising A$16-million.

The company at the end of May announced a A$140-million funding solution for its Federation project metals project, in New South Wales, consisting of a A$100-million facility from commodities group Trafigura and a fully-underwritten 1-for-3.72 pro-rata accelerated non-renounceable entitlement offer.

A total of 1 454 valid applications were received for approximately 61.6-million shares, equating to A$5.5-million, and applications accepted under the top-up facility totalled A$1.3-million. Some 106-million shares not taken up under the retail entitlement offer will be allotted to sub-underwriters.

The total amount raised under the placement and entitlement offer amounts to A$40-million.

Edited by Creamer Media Reporter

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