AGUIA CLOSES C$10.8 MILLION PLACEMENT WITH SIGNIFICANT PARTICIPATION FROM NEW NORTH AMERICAN INVESTORS

Highlights:

  • Aguia completes private placement for C$10.8 million which is substantially over subscribed
  • Private placement provides avenue for new North American investors to invest in Aguia
  • Paradigm Capital Inc. and Jett Capital Advisors LLC acted as co-lead managers and including Canaccord Genuity Corp. in the syndicate
  • Capital raise is a key precondition to a proposed TSXV listing

Brazilian fertiliser developer Aguia Resources Limited (ASX: AGR) (“Aguia” or “Company”) is pleased to announce that it has successfully completed a $10.8 million Share Placement (Placement) through the issue of 27,000,000 new Units to institutional and sophisticated investors at $0.40 per Unit. The Placement was substantially oversubscribed.