Aguia Raises $4 Million Through Entitlement Offer and Shortfall Placement

Capital Raising Completed

Aguia Resources Limited (ASX, AGR) has announced the successful completion of its non-renounceable pro-rata entitlement offer, raising approximately $4 million before costs. The offer allowed existing shareholders to subscribe for one new fully paid ordinary share for every ten shares held as of the record date, accompanied by one free attaching option per new share. These options carry an exercise price of 3.5 cents and expire 24 months from issuance.

Shareholder Participation and Shortfall Placement

Shareholder uptake reached 55.38%, resulting in $2.23 million raised from the entitlement offer. The remaining shortfall of roughly $1.8 million was placed with investors through firm commitments, ensuring the full target amount was secured. This dual approach reflects a balanced mix of shareholder support and external investor confidence in Aguia’s prospects.

Options and ASX Quotation Status

The new options issued alongside the shares are currently suspended from trading, pending ASX’s determination that they meet the quotation requirements for a secondary class of quoted securities. This suspension is a standard regulatory step, and investors will be watching closely for the ASX’s decision, which will unlock potential liquidity and value for option holders.

Strategic Context and Outlook

Aguia Resources operates phosphate projects in Brazil’s Rio Grande do Sul and gold projects in Colombia’s Bolivar region, with recent asset additions from Andean Mining expanding its portfolio to include gold, silver, and copper. The capital raise bolsters Aguia’s financial flexibility as it advances these projects, supporting exploration and development activities in key jurisdictions. The company’s experienced in-country teams in Porto Alegre and Medellin are well-positioned to leverage this funding toward operational milestones.

Investor Implications

For shareholders, the entitlement offer and accompanying options provide an opportunity to increase their stake at a defined price point, while the placement of the shortfall signals external investor appetite. Market participants will be keen to see how Aguia deploys these funds and whether the options’ eventual quotation will enhance shareholder value. The company’s forward-looking statements caution that risks remain, but this capital injection is a clear vote of confidence in Aguia’s growth trajectory.