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Auravelle Metals Limited (ASX:AUV)

ALERT: Price-sensitive ASX Announcement for AUV
Current share price for AUV : $0.007 -0.002 (-22.22%)+
Announcement
Release
20 Jul 2026 9:06AM
Price at Release
$0.009
Full Release
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Summary
Auravelle Metals Limited (ASX: AUV) announced a successful capital raise through a share placement, securing $1.5 million to fund their exploration activities in key target areas including the Nuckulla Hill Gold Project. The placement was well-supported by both new and existing investors. The funds will primarily support drilling and other exploration efforts at Nuckulla Hill, Skye, and Crown projects. Directors have committed $205k to the placement, pending shareholder approval. The capital raise involved issuing 187.5 million ordinary shares at an offer price of 0.8 cents per share, representing discounts from recent trading prices. Additionally, participants in the placement will receive free unlisted options as part of the offer, subject to approval in a forthcoming extraordinary general meeting. The capital structure post-raise ensures Auravelle is well-positioned for an active exploration period in 2026.
Key Points
  • Auravelle Metals completed a $1.5 million capital raise.
  • New and existing Australian investors participated in the placement.
  • Funds to be used for exploration at Nuckulla Hill, Skye, and Crown projects.
  • Directors committed $205k, requiring shareholder approval.
  • Issued 187.5 million shares at 0.8 cents per share.
  • One free unlisted option for every two new shares, subject to EGM approval.
  • Bell Potter Securities Limited acted as Lead Manager and Bookrunner.
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.