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Resouro Strategic Metals Inc. (RGOGF) Commences Trading on the ASX Following A$8 Million Public Offering
Sydney, Australia (ABN Newswire) - Resouro Strategic Metals Inc. (ASX:RAU) (CVE:RSM) (FRA:8TX) (O...
About this update from Resouro Strategic Metals Inc
[{"type":"text","content":"Resouro Strategic Metals Inc. (RGOGF) Commences Trading on the ASX Following A$8 Million Public Offering\n \n Sydney, Australia (ABN Newswire) - Resouro Strategic Metals Inc. (ASX:RAU) (CVE:RSM) (FRA:8TX) (OTCMKTS:RGOGF) is pleased to announce that following completion of its highly successful oversubscribed ASX Public Offering in Australia of CDIs, the Company will commence trading on the Australian Securities Exchange (ASX) on 14 June 2024 at 10.30am (AEST) under the ticker code \"RAU\".\n \n \n Highlights\n \n \n - Resouro Strategic Metals Inc. has been admitted to the Official List of the ASX under the code 'RAU' and is now listed on the ASX, TSX-V, FSE and the OTC;\n \n \n - A$8 million raised via the issue of 16,000,000 CHESS Depositary Interests (CDIs) at an issue price of A$0.50 per CDI (the Offer) with a ratio of 1 CDI for 1 Share;\n \n \n - The highly successful oversubscribed Offer received strong support from Australian institutional investors, including RAU's existing shareholders;\n \n \n - Proceeds of the Offer will primarily be used for advanced exploration activities with the aim of delineating a JORC compliant Mineral Resource at the Tiros Rare Earth Elements (REE) and Titanium project in Brazil and exploration at the Company's Novo Mundo Gold Project;\n \n \n - Experienced board and management team in place with requisite project development skills to drive shareholder value; and\n \n \n - Resouro's undiluted market capitalisation following completion of the Offer is A$46.1 million.\n \n \n Resouro raised A$8,000,000 (before costs) via the issue of 16,000,000 CDIs at A$0.50 per CDI, with a ratio of 1 CDI for 1 Share in the Company, resulting in a market capitalisation of A$46.1 million following completion of the Public Offer.\n \n \n The Company received strong demand from new and existing Australian institutional investors as well as retail investors under the bookbuild process in connection with the Public Offer.\n \n \n Taylor Collison acted as Lead Manager to the Offer.\n \n \n Resouro is an exploration company focused on the discovery and development of critical mineral resources, via the Company's 90% ownership interest in the Tiros Project (Tiros). Tiros is an REE and titanium project covering an area of approximately 450km2 in the Minas Gerais State, one of the leading mining jurisdictions in Brazil. ...