SYDNEY, AUSTRALIA July 5, 2017 – Aguia Resources Limited (the “Company”) is pleased to announce that the Company has received confirmation from the TSX Venture Exchange (the “TSXV”) that the conditions for listing the Company’s ordinary shares for trading on the TSXV (the “Listing”) have been satisfied. The TSXV has issued its final Exchange Bulletin on July 5th, 2017 confirming the Listing of the Company’s ordinary shares including those ordinary shares of the Company issued and outstanding pursuant to compensation options and other agreements and those issued pursuant to the private placement (the “Private Placement”). The Company’s ordinary shares will commence trading on the TSXV on July 6th, 2017 under the ticker symbol “AGRL.”
In fulfillment of a condition to the Listing, the Company completed the first tranche of the Private Placement. The Private Placement consists of the sale of up to 27,011,246 units (the “Units”) at $0.40 per Unit. Each Unit consists of one ordinary share of the Company and one-half of one share purchase warrant. Each whole warrant is exercisable for $0.65 into an ordinary share of the Company until June 30, 2020. The first two tranches of the Private Placement were completed as of July 5, 2017 and resulted in the issuance of 20,025,835 Units for gross proceeds to the Company of $8,010,334. The Company expects to complete a final tranche of up to 6,985,411 Units on July 6th, 2017.