Aguia Offers Shares at $0.04 to Raise $3 Million for Exploration

Aguia Resources Initiates Capital Raise

Aguia Resources Limited (ASX: AGR) has launched a Share Purchase Plan (SPP) designed to raise up to $3 million by offering existing shareholders the opportunity to purchase additional shares at a discounted price. The offer price is set at 4 cents per share, representing approximately a 9% discount to the last closing price on 23 May 2025. This move aims to bolster the company’s financial position as it advances exploration and development activities.

Details of the Share Purchase Plan

The SPP is open exclusively to eligible shareholders registered in Australia and New Zealand as of the record date, 23 May 2025. Each shareholder can apply for up to $30,000 worth of shares. The plan will open on 30 May and close on 20 June 2025, with shares expected to commence trading on 30 June. The Board retains discretion to accept oversubscriptions and scale back applications if demand exceeds the maximum raise.

Strategic Use of Funds

Funds raised through the SPP will primarily support Aguia’s exploration program at the Santa Barbara Gold Mine and development activities at the Tres Estrades phosphate project. Additionally, proceeds will contribute to general working capital, underpinning the company’s operational needs. Executive Chairman Warwick Grigor highlighted the opportunity for investors to participate in the company’s growth at a reduced cost relative to recent market prices.

Market Context and Outlook

This capital raising initiative comes at a time when resource companies are navigating a complex market environment, balancing exploration ambitions with prudent financial management. Aguia’s decision to offer shares at a discount reflects a strategic effort to incentivize shareholder participation while maintaining flexibility through the Board’s discretion on oversubscriptions. The success of the SPP will be closely watched as an indicator of shareholder confidence and appetite for the company’s projects.

Next Steps for Investors

Shareholders interested in participating will receive detailed offer documents on 30 May. The company’s forthcoming updates on exploration progress and capital deployment will be critical in assessing the impact of this raise on Aguia’s growth trajectory. Investors should monitor the results announcement scheduled for 25 June 2025 to gauge the level of uptake and potential dilution effects.