Ausmon Resources Limited ( (AU:AOA) ) has issued an announcement.
Ausmon Resources Limited has announced a Share Purchase Plan (SPP) to raise up to $540,000 by offering up to 300,000,000 fully paid ordinary shares at a discounted price to eligible shareholders. The proceeds will be used to reduce borrowings, fund exploration, and provide general working capital. Additionally, participants who are Australian residents may receive a distribution of the Junior Minerals Exploration Incentive credit, which could offer tax benefits depending on individual circumstances. This move is expected to strengthen the company’s financial position, potentially impacting its operational capabilities and stakeholder value.
More about Ausmon Resources Limited
Ausmon Resources Limited is a company operating in the minerals exploration industry, focusing on the exploration of mineral deposits. The company aims to enhance its market position through strategic exploration activities.
Current Market Cap: A$2.41M
See more data about AOA stock on TipRanks’ Stock Analysis page.