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

September 16, 2020