Larvotto Resources Limited (ASX: LRV, Germany: K6X, 'Larvotto' or 'the Company') announces that it has raised $1,000,000 (before costs) pursuant to the Company's Share Purchase Plan (SPP) that closed on 19 July 2024.
The SPP was oversubscribed by 41% and a pro-rata scale back on subscriptions is being completed and refunds will be processed upon allotment.
The SPP offered eligible shareholders registered on the Record Date the opportunity to subscribe for new fully paid ordinary shares up to a maximum value of $30,000 per eligible shareholder on the same terms as the Placement to sophisticated investors conducted by the Company in July 2024 (New Shares). The Company will issue 9,523,767 New Shares at an issue price of $0.105 per share. The New Shares will be issued as per the timetable of the SPP. The funds raised under the Placement and the Plan will be used toward
About Larvotto Resources Ltd
Larvotto Resources Limited (ASX: LRV) is actively advancing its portfolio of in-demand minerals projects including the 1.4Moz AuEq high-grade Hillgrove Gold-Antimony Project in NSW, the large Mt Isa copper, gold, and cobalt project adjacent to Mt Isa townsite in Queensland, the Eyre multi-metals and lithium project located 30km east of Norseman in Western Australia and an exciting gold exploration project at Ohakuri in New Zealand's North Island. Larvotto's board has a mix of experienced explorers and corporate financiers to progress its projects.
Contact:
Tel: +61 (8) 6373 0112
Email: info@larvottoresources.com
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