Oil prices edge down from one-month high with upcoming OPEC+ meeting in focus
LONDON - Gold explorer Ariana Resources (AIM:AAU) has raised A$11 million (approximately £5.3 million) in gross proceeds through its Australian Securities Exchange (ASX) dual listing offer, which closed on August 14, the company announced Friday.
The ASX offer, priced at A$0.28 per CDI (CHESS Depositary Interest), was initially targeting between A$10-15 million from eligible investors in Australia and certain other jurisdictions. Each CDI represents 10 underlying ordinary shares in the company.
Under the offer, Ariana will issue 39,285,714 CDIs, with an additional 157,062 CDIs to be issued under a separate "Director Offer." These CDIs will represent 394,427,760 new ordinary shares at an effective price of 1.34 pence per share, constituting approximately 16.87% of the company’s enlarged issued share capital.
The new ordinary shares are expected to be admitted to trading on AIM around September 15, 2025. Upon admission, Ariana’s issued ordinary share capital will consist of 2,338,378,041 shares with one voting right each.
The company is working to complete outstanding ASX conditions to meet its previously announced indicative ASX listing date of September 15, under the ticker code AA2.
Ariana Resources is a mineral exploration and development company with gold project interests across multiple countries. Its portfolio includes the Dokwe Gold Project in Zimbabwe, interests in gold-silver production in Türkiye through a joint venture, and copper-gold-silver exploration projects in Cyprus and Kosovo.
The information in this article is based on a company press release statement.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.