Aguia raises C$10.8m as part of TSXV listing

June 26, 2017

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Brazil-focused fertiliser developer Aguia Resources has raised C$10.8-million through a share placement to institutional and sophisticated investors to complete a bankable feasibility study on its Tres Estradas phosphate project.

The placement was priced at C$0.40 a unit, which consisted of one ordinary share and one-half of one ordinary share purchase warrant. Each warrant entitled the holder to purchase an additional share at a price of C$0.65 a share for a period of three years after their date of issue.

Category: General