AKO 0.00% 14.5¢ akora resources limited

Amazing update- There are no options attached with the rights...

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  1. 2,467 Posts.
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    Amazing update

    - There are no options attached with the rights issue
    - Preferred parties will participate in site visits as a final due diligence workstream. Itineraries have been confirmed for mid-May 2024.
    - Graeme Hunt (Chairman) and Matthew Gill (non-executive Director) will seek Shareholder approval to acquire shares at the upcoming Annual General
    Meeting of the Company. Their intention is to invest collectively up to A$190,000 following shareholder approval.
    - The funds raised under the Placement and Entitlement Offer will be used by the Company for the
    following:
    (a) Bekisopa Pre Feasibility Study and early Development Works - $1,850,000;
    (b) Satrokala Exploratory Drilling - $1,000,000; and
    (c) Working capital and costs of the capital raise - $950,000.


 
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