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The latest update is out from First AU Ltd. ( (AU:FAU) ).
First Au Limited has completed Tranche One of its two-tranche private placement, issuing 4,298,000 new shares at A$0.0035 each, raising funds to support its exploration projects. Tranche Two, involving the issuance of 424,273,429 new shares, is pending shareholder approval at the upcoming AGM, with participation from Non-Executive Director Mr. Lei Shi, who plans to contribute $0.12 million.
More about First AU Ltd.
First Au Limited (ASX: FAU) is an advanced exploration company focusing on gold and base metals. It is listed on the Australian Securities Exchange and is engaged in exploration programs at its Victorian Goldfields Project in East Gippsland and the Gimlet Gold project near Kalgoorlie. Additionally, the company is in the process of acquiring the Nimba Gold Project in Liberia.
Current Market Cap: A$6.22M
For an in-depth examination of FAU stock, go to TipRanks’ Overview page.