Business
Resouro Completes $2.8m Raising and Resouro's Intention to List on the Australian Securities Exchange (ASX)
Toronto, Ontario--(Newsfile Corp. - August 29, 2023) - Resouro Gold Inc. (TSXV: RAU) (FSE: BU9)...
About this update from Resouro Strategic Metals Inc
[{"type":"text","content":"Resouro Completes $2.8m Raising and Resouro's Intention to List on the Australian Securities Exchange (ASX)Toronto, Ontario--(Newsfile Corp. - August 29, 2023) - Resouro Gold Inc. (TSXV: RAU) (FSE: BU9) (\"Resouro\" or the \"Company\") is that on August 29, 2023 (the \"Closing Date\") it closed a brokered private placement offering (the \"Offering\") of 10,107,403 common shares in the capital of the Company (\"Common Shares\") at a price of $0.28 per Common Share for aggregate gross proceeds of $2,830,000. The Company is pleased to welcome Regal Funds Management as a cornerstone shareholder to the register and would like to thank existing shareholders, prominent institutional and family office resources focused investors, for their continued support for Resouro.The Offering represents an 87% premium to Resouro's last capital raising at $0.15 per Common Share in June 2023. The Common Shares issued in connection with the Offering are subject to a statutory hold period of four months.President/CEO and major shareholder of Resouro, Chris Eager, commented:\"We are extremely pleased to welcome additional investment from three high caliber mining investment funds into Resouro. This is a great endorsement of the Tiros project and the work our team is doing on the ground in Brazil to drive shareholder value. The additional capital raised will be put to good use to increase the proposed drill and metallurgical test-work program to build value at the Tiros Rare Earths and Titanium Project. We look forward to continually updating the market as results materialize.\"The Offering was led by Taylor Collison Limited (the \"Agent\"), which acted as agent for the Offering. As compensation for its services, the Agent received a capital raising fee equal to 6.0% of the aggregate gross proceeds of the Offering (the \"Capital Raising Fee\"), payable in cash. The Company intends to use net proceeds from the Offering to advance exploration on the Company's Tiros Titanium-REE Project and Novo Mundo Gold Project in Brazil and for general working capital purposes.Resouro to pursue secondary listing on the Australian Securities Exchange (\"ASX\").Resouro is also pleased to announced it intends to pursue a secondary listing on the Australian Securities Exchange (\"ASX\"). The ASX dual listing will complement Resouro's current TSX-V (Canadian) and FSE (Frank...