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AuMEGA Metals Ltd (ASX:AAM)

ALERT: Price-sensitive ASX Announcement for AAM
Current share price for AAM : $0.034 -0.008 (-19.05%)+
Announcement
Release
6 Mar 2026 9:49AM
Price at Release
$0.042
Full Release
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Summary
AuMEGA Metals Ltd announced the closing of Tranche One of its upsized private placement financing, issuing 98,376,589 Premium Flow-Through Units at a price of C$0.0544 per unit, raising approximately C$5.35 million. These units include one common share and one warrant. Tranche Two, anticipated to raise additional funds, will be presented for shareholder approval at a scheduled meeting on 10 April 2026. Post Tranche One, Condire Investors holds 11.1% of the Company’s shares. The funds raised will finance Canadian exploration expenses and working capital needs, with commissions paid to agents involved.
Key Points
  • AuMEGA Metals Ltd announced closing of Tranche One of its upsized private placement.
  • Tranche One issued 98,376,589 Premium Flow-Through Units at C$0.0544 each.
  • Tranche Two requires shareholder approval at a special meeting on 10 April 2026.
  • Condire Investors holds 11.1% of the Company’s shares post Tranche One.
  • Proceeds from Tranche One to be used for Canadian exploration expenses.
  • A cash commission and finder’s fee were paid to the Agents.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.