Aguia Resources Limited has launched a Share Purchase Plan offering eligible shareholders the chance to buy new shares at a discount, aiming to raise up to $3 million to advance its phosphate and gold exploration projects.
- Share Purchase Plan (SPP) offers shares at $0.04 each, a discount to recent market prices
- Maximum raise capped at $3 million to fund Santa Barbara phosphate and Estrades gold projects
- Eligible shareholders can subscribe up to $30,000 worth of shares without brokerage fees
- Offer closes on 20 June 2025, with shares expected to be issued and quoted by 30 June 2025
- Company reserves right to scale back applications if oversubscribed
A Strategic Capital Raise
Aguia Resources Limited (ASX: AGR) has announced 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 of $0.04 each. This move comes as the company seeks to accelerate exploration and development activities at its flagship Santa Barbara phosphate project and the Estrades gold project.
The SPP is open exclusively to shareholders registered as of 7:00 pm AEST on 23 May 2025, residing in Australia or New Zealand. Participants can subscribe for shares in parcels ranging from $500 to a maximum of $30,000, with no brokerage or transaction fees applied, making it an accessible option for investors of varying sizes.
Funding Growth Amid Market Volatility
The issue price of $0.04 per share represents a discount of approximately 4.4% to the closing market price on 23 May 2025, providing an incentive for shareholders to participate. However, the company cautions that share prices may fluctuate between the announcement and the issue date, which could affect the value of the investment.
Funds raised through the SPP will be directed towards advancing the exploration program at the Santa Barbara phosphate project, further development of the Estrades gold project, and general working capital. These projects are central to Aguia’s growth strategy, aiming to capitalize on rising demand in phosphate and gold markets.
Participation Details and Conditions
The offer closes at 5:00 pm AEST on 20 June 2025, with shares expected to be issued and commence trading on the ASX by 30 June 2025. The company retains discretion to accept oversubscriptions and may scale back applications to comply with regulatory limits and ensure equitable allocation among shareholders.
Participation is entirely optional, and shareholders are encouraged to seek independent financial advice before applying. The SPP is non-renounceable, meaning rights under the offer cannot be transferred or sold to others.
Looking Ahead
Chairman Warwick Grigor emphasized the board’s commitment to providing shareholders with opportunities to support the company’s development at attractive terms. The successful completion of this capital raising could provide Aguia with the financial flexibility to advance its projects and potentially enhance shareholder value.
Bottom Line?
As Aguia Resources moves to strengthen its balance sheet, investor appetite and market response will be key to watch in the coming weeks.
Questions in the middle?
- Will the SPP reach its $3 million target or face scale-back due to oversubscription?
- How will the market price of Aguia shares react post-SPP issuance and trading?
- What progress updates can investors expect on the Santa Barbara and Estrades projects following this capital raise?