Resouro Secures Strong Investor Support with Upsized Private Placement
Resouro Strategic Metals (ASX: RAU) has completed the first tranche of its enlarged non-brokered private placement, reflecting robust investor demand. Originally targeting AU$2.0 million, the company increased the offering to AU$2.5 million by expanding the issue from 8 million to 10 million common shares priced at AU$0.25 each. During the initial closing, Resouro issued 7.44 million shares, generating gross proceeds of AU$1.86 million, while the remaining shares are expected to be issued in a second closing.
The funds will primarily support environmental studies required for the Preliminary Feasibility Study of the Tiros Titanium and Rare Earth Elements Project in Brazil, alongside general working capital requirements. The placement remains subject to final approval from the TSX Venture Exchange, with no related parties participating in the capital raise. Resouro believes the financing will strengthen project development while advancing one of its key strategic assets.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au
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Resouro Secures Strong Investor Support with Upsized Private Placement
Resouro Strategic Metals (ASX: RAU) has completed the first tranche of its enlarged non-brokered private placement, reflecting robust investor demand. Originally targeting AU$2.0 million, the company increased the offering to AU$2.5 million by expanding the issue from 8 million to 10 million common shares priced at AU$0.25 each. During the initial closing, Resouro issued 7.44 million shares, generating gross proceeds of AU$1.86 million, while the remaining shares are expected to be issued in a second closing.
The funds will primarily support environmental studies required for the Preliminary Feasibility Study of the Tiros Titanium and Rare Earth Elements Project in Brazil, alongside general working capital requirements. The placement remains subject to final approval from the TSX Venture Exchange, with no related parties participating in the capital raise. Resouro believes the financing will strengthen project development while advancing one of its key strategic assets.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au