Aurum Resources Limited (AUE or the Company) is completing a A$10 million placement (Placement), with the ability to accept oversubscriptions. Funds raised from the Placement will be applied to exploration drilling, costs associated with the Mako takeover, feasibility study, environmental approval and working capital. The Offer Price of A$0.35 per share represents a 12.5% to the last close, a 11.5% discount to the 5-day VWAP and a 15.4% discount to the 15-day VWAP.
Aurum Resources Limited (ASX:AUE)
AUE
Lead Manager
Offer Price
A$0.350
per share
Offer Size
A$10,000,000
Key Offer Details
Issue Price (Per Share)
A$0.350
Discount
-9.38%
Offer Size
A$10,000,000
Shares Available
28,571,429
Documents & Downloads
Indicative Timetable
The Company reserves the right to change any date on the timetable. Times are shown in ADST.
Offer Closes
4pm, 4th December 2024
Placement Settlement Date
12 December 2024
Placement Allotment Date
13 December 2024
Board & Management
Troy Flannery
Non-Executive Chairman
Mr Flannery has more than 25 years’ experience in the mining industry, including 9 years in corporate and 17 years in senior mining engineering & project development roles. He has a degree in Mining Engineering, Masters in Finance & First Class Mine Managers Certificate of Competency. Troy has recently performed NED roles with numerous ASX listed companies and for 31/2 years was the CEO of Abra Mining Pty Ltd up until October 2021. He has worked at numerous mining companies, mining consultancies & contractors including BHP, Newcrest, Xstrata, St Barbara Mines & AMC Consultants.
Dr Caigen Wang
Managing Director
Dr Wang founded Tietto Minerals (ASX: TIE) where he led the company as Managing Director for 13 years through private exploration, ASX listing, gold resources definition, project study and mine building to become one of Africa’s newest gold producer at its Abujar Gold Mine in Côte d’Ivoire.
He holds a Bachelor, Master and PhD in Mining Engineering and is a Fellow of AusIMM and Chartered Professional Engineer of Institution of Engineer, Australia.
Dr Wang has 25 years practical experience in mining engineering and mineral exploration in Australia, China, Africa and Canada. Other professional experience includes senior technical and management roles in mining houses (St Barbara, Sons of Gwalia, BHP Billiton and China Goldmines PLC etc.) He has experience across a variety of mineral commodities including coal, gold, nickel, iron, copper, lead & zinc, molybdenum and oil sands.
Mark Strizek
Executive Director
Mr Strizek has nearly 30 years’ experience in the resource industry, having worked as a geologist on various gold, base and technology metal projects. He brings invaluable geological, technical, and development expertise to Aurum, most recently as an Executive Director at Tietto Minerals’ which progress from IPO to gold production at the Abujar Gold Project in West Africa. Mr Strizek has worked as an executive with management and Board responsibilities in exploration, feasibility, finance and development-ready assets across Australia, West Africa, Asia and Europe.
Disclaimer
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