InvestSMART

Auris Minerals Limited (ASX:AUR)

ALERT: Price-sensitive ASX Announcement for AUR
Current share price for AUR : $0.019 0.006 (46.15%)+
Announcement
Release
16 Oct 2025 9:36AM
Price at Release
$0.013
Full Release
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Summary
Auris Minerals Limited announced a strategic placement to raise $3.2 million through the issuance of approximately 800 million fully paid ordinary shares at $0.004 per share to institutional and sophisticated investors. The funds will be used to expand Auris' geological team and support exploration in the Bryah Basin, focusing on identifying new project opportunities and critical minerals. The placement consists of two tranches, with Tranche 1 already completed and Tranche 2 pending shareholder approval. Additionally, 250 million unlisted options are proposed to be issued. This strategic placement aims to strengthen the company's capacity amidst favorable commodity market conditions.
Key Points
  • Firm commitments received for $3.2 million via strategic placement.
  • Placement includes approximately 800,000,000 shares at $0.004 per share.
  • Tranche 1 Placement of 71,493,893 shares completed; Tranche 2 pending approval.
  • Proposed issuance of 250,000,000 unlisted options subject to approval.
  • Funds to be used for geological team expansion and exploration in Bryah Basin.
  • Focus on securing low-cost tenure for copper/gold and rare earths.
  • Gleneagle Securities Australia Pty Ltd acted as lead manager.
  • Indicative timetable provided for shareholder meeting and approval processes within 2025.
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.