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Resouro Strategic Metals Inc Commences Trading on the ASX Following AUD $8 Million Public Offering
(TheNewswire) Highlights Resouro Strategic Metals Inc. has been admitted to the...
About this update from Resouro Strategic Metals Inc
[{"type":"text","content":"Resouro Strategic Metals Inc Commences Trading on the ASX Following AUD $8 Million Public Offering\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Highlights\n \n \n \n \n \n \n Resouro Strategic Metals Inc. has been admitted to the\nOfficial List of the ASX under the code ‘RAU’ and is now listed on\nthe ASX, TSX-V, FSE and the OTC;\n \n \n \n \n \n \n AUD $8 million raised via the issue of 16,000,000 CHESS\nDepositary Interests (\n \n \n CDIs\n \n \n ) at an issue price of AUD $0.50 per CDI\n(the\n \n \n Offer\n \n \n ) with a ratio of 1 CDI for 1 Share;\n \n \n \n \n \n \n The highly successful oversubscribed Offer received\nstrong support from Australian institutional investors, including\nRAU’s existing shareholders;\n \n \n \n \n \n \n Proceeds of the Offer will primarily be used for\nadvanced exploration activities with the aim of delineating a JORC\ncompliant Mineral Resource at the Tiros Rare Earth Elements\n(\n \n \n REE\n \n \n )\nand Titanium project in Brazil and exploration at the Company’s Novo\nMundo Gold Project;\n \n \n \n \n \n \n Experienced board and management team in place with\nrequisite project development skills to drive shareholder value; and\n \n \n \n \n \n \n Resouro’s undiluted market capitalisation following\ncompletion of the Offer is AUD $46.1 million.\n \n \n \n \n \n \n 13 June 2024 –\n \n \n TheNewswire –\n \n \n \n Resouro\nStrategic Metals Inc.\n \n \n \n (ASX: RAU;\n \n \n \n TSX-V: RSM\n \n \n \n ;\n \n \n \n FSE:BU9\n \n \n \n ;\nOTC:RSGOGF\n \n \n ) (\"\n \n \n Resouro\n \n \n \" or the\n\"\n \n \n Company\n \n \n \") is pleased to announce that following completion of\nits highly successful oversubscribed ASX Public Offering in Australia\nof CDIs, the Company will commence trading on the Australian\nSecurities Exchange (\n \n \n ASX\n \n \n ) on 14 June 2024 at 10:30am (AEST) under\nthe ticker code “\n \n \n RAU\n \n \n ”.\n \n \n \n \n Resouro raised AUD $8,000,000 (before costs) via the\nissue of 16,000,000 CDIs at AUD $0.50 per CDI, with a ratio of 1 CDI\nfor 1 Share in the Company, resulting in a market capitalisation of\nAUD $46.1 million following completion of the Public Offer.\n \n \n \n \n The Company received strong demand from new and\nexisting Australian insti...