Aurelia Metals confirms close of share purchase plan | Finance News Network

Aurelia Metals confirms close of share purchase plan

Company News

by Jessica Ellerm


Aurelia Metals Limited (ASX:AMI) has confirmed that applications under the share purchase plan announced on the 21 November have now closed.

Aurelia received approximately $5.9 million in applications, in a scheme that was nominally uncapped.

Eligible shareholders were invited to purchase up to $15,000 in new shares at a price of $0.21.

Proceeds of the raise will be put towards working capital, as the company completes the acquisition of Peak Gold Mines, planned in early 2018.

Shares in Aurelia Metals Limited (ASX:AMI) are currently trading at $0.27.
 

Jessica Ellerm

Finance News Network
Jessica joined FNN in April 2016 and presents the Australian Share Market Outlook, and reports on the morning's leading business stories. Alongside FNN Jessica is a fintech industry commentator, writing for her own blog and a number of international online publications.