• Placement Proceeds for: o Targeted exploration on existing gold projects; o Drilling of Slate Dam and Beowulf projects; o Working capital Active Western Australian gold explorer Aruma Resources Limited (Aruma or the Company) (ASX: AAJ) is pleased to announce that it is raising approximately $770,000 (before costs) through a share placement being supported by Armada Capital and Equities and State One Stockbroking. PLACEMENT DETAILS Firm commitments have been received for a placement of 70 million shares at a price of 1.1 cents per share to raise $770,000 (the Placement). The Placement is being made to professional and sophisticated investors. The Placement will be made pursuant to the Company’s placement capacity under ASX listing rule 7.1 (37 million shares) and 7.1A (33 million shares). The funds raised from the Placement will be used for targeted exploration programs on the Company’s advanced Slate Dam and Beowulf gold projects near Kalgoorlie as well as costs of the Placement and general working capital.
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Open | High | Low | Value | Volume |
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6 | 1095049 | 0.020 |
5 | 595446 | 0.019 |
3 | 245333 | 0.018 |
2 | 233000 | 0.016 |
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0.022 | 100000 | 2 |
0.023 | 3515167 | 1 |
0.024 | 141704 | 2 |
0.025 | 240039 | 2 |
0.026 | 200000 | 1 |
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