Friday, May 14, 2021

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Ausmon Resources: Announces $711K capital raise

  • Ausmon Resources (AOA) has announced the details of its capital raise, with the company planning to raise just over $711,000
  • It’ll do this via a share purchase plan (SPP) and a placement, giving both shareholders and investors a chance to invest
  • Shares under both the SPP and placement will offered at a discount price of 0.75 cents each, with over 100 million shares to issued
  • The company is also offering a pro-rata distribution of the Junior Minerals Exploration Incentive (JMEI) credit for those participating
  • Ausmon said it will use all of the fresh capital for exploration work within its NSW tenements and as working capital
  • Shares in AOA ended the day trading steady at 0.8 cents each

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