Aguia Resources Limited (AU:AGR) has released an update.
Aguia Resources Limited has successfully completed a share placement, raising $1.37 million to fund the acquisition of Andean Mining and the advancement of its Santa Barbara gold mine in Colombia. The placement involved issuing over 78 million new shares at a slight discount, with a notable participation from company directors. This financial boost aims to enhance gold production and support the development of Aguia’s copper and phosphate assets in Brazil.
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