First Au Limited Secures $1.5 Million Private Placement to Fund Nimba Gold Project

First AU Ltd. ( (AU:FAU) ) has provided an update.

First Au Limited has announced it has received firm commitments for a $1.5 million private placement, an increase from the initially planned $1 million. This decision follows strong interest from both domestic and international investors. The placement will be conducted in two tranches, with the first tranche utilizing the company’s existing placement capacity and the second tranche subject to shareholder approval. This capital raise is part of First Au’s strategy to fund its acquisition of the Nimba Gold Project in Liberia, potentially enhancing its position in the gold exploration industry and offering new opportunities for growth.

More about First AU Ltd.

First Au Limited (ASX: FAU) is an advanced gold and base metals exploration company listed on the Australian Securities Exchange. The company is actively engaged in exploration programs at its Victorian Goldfields Project in East Gippsland and its wholly-owned Gimlet Gold project near Kalgoorlie.

Current Market Cap: A$7.25M

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