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Oversubscribed Placement & Share Purchase Plan
Azumah Resources Limited (Azumah or Company) is pleased to announce that it has received binding commitments for a share placement to raise $800,000 before costs (Placement).
The Company will also be conducting a Share Purchase Plan to existing eligible shareholders to raise $1,200,000 (SPP).
The new shares will be issued at a price of 4.4 cents which represents a 20% discount to the volume weighted average price over the last five days of trade prior to the Company� trading halt on 16 June 2016. The SPP is fully underwritten.
The additional funds will be applied primarily to test compelling exploration targets that have been delineated at Manwe, at the recently acquired Julie West project and at several other prospects at its Wa Gold Project, Ghana.
Download the full announcement. |
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Azumah Resources Limited
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DEVELOPMENT STAGE |
CODE : AZM.AX |
ISIN : AU000000AZM5 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Azumah Res. is a gold exploration company based in Australia. Its main asset in development is WA in Ghana and its main exploration properties are KUNCHE and BEPKONG in Ghana. Azumah Res. is listed in Australia. Its market capitalisation is AU$ 18.6 millions as of today (US$ 12.4 millions, € 11.5 millions). Its stock quote reached its highest recent level on November 05, 2010 at AU$ 0.83, and its lowest recent point on August 02, 2019 at AU$ 0.01. Azumah Res. has 582 569 984 shares outstanding. |