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LONDON - Ariana Resources plc (AIM:AAU) announced Friday that it has successfully completed its Australian Securities Exchange (ASX) dual listing offer, which closed at 5 p.m. AEST on August 15.
The gold exploration and development company, which has project interests in Africa and Europe, plans to provide further details on the completion of the ASX Offer early next week as final subscriptions are processed.
Several directors participated in the offering, with Chairman Michael de Villiers subscribing for 178,599 CHESS Depositary Interests (CDIs) for A$50,007.72, and Managing Director Dr. Kerim Sener applying for 157,062 CDIs in lieu of outstanding director fees worth £21,245.
The ASX Offer aimed to raise between A$10-15 million at A$0.28 per CDI and was open to eligible investors in Australia and certain other jurisdictions. Each CDI represents 10 underlying shares in the company.
Ariana Resources is working toward an indicative ASX listing date of September 15, 2025, under the ticker code AA2.
The company’s portfolio includes the Dokwe Gold Project in Zimbabwe with a 1.42 million ounce resource, a 23.5% interest in a Turkish joint venture containing approximately 2.2 million ounces gold equivalent, and interests in copper-gold exploration projects in Cyprus and Kosovo.
This article is based on a press release statement from Ariana Resources.
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