Aruma Resources Announces Proposed Securities Issue to Boost Capital

The latest update is out from Aruma Resources Limited ( (AU:AAJ) ).

Aruma Resources Limited announced a proposed issue of securities, including 105,882,353 unlisted options and 15,000,000 unlisted lead manager options, as well as 105,882,353 ordinary fully paid shares. This move is aimed at raising capital to support the company’s ongoing exploration and development activities, potentially strengthening its position in the mining sector and providing opportunities for growth and increased shareholder returns.

More about Aruma Resources Limited

Aruma Resources Limited operates in the mining industry, focusing on the exploration and development of mineral resources. The company is primarily engaged in identifying and extracting valuable minerals, with a market focus on expanding its resource base and enhancing shareholder value.

YTD Price Performance: 10.0%

Average Trading Volume: 1,801,053

Technical Sentiment Signal: Buy

Current Market Cap: A$2.44M

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