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First Au Raises $1.5M to Drive Nimba Gold Project Forward

9:09am on Wednesday 18th of June, 2025 AEST Mining
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First Au Raises $1.5M to Drive Nimba Gold Project Forward

9:09am on Wednesday 18th of June, 2025 AEST
Key Points
  • Private placement increased from $1 million to $1.5 million due to strong investor demand
  • Placement to be issued in two tranches, with the second tranche subject to shareholder approval
  • Non-Executive Director Lei Shi to participate in the placement, pending approval
  • 571 million new performance rights to be issued, tied to performance hurdles and share price conditions
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