Avira Resources Ltd (AU:AVW) has released an update.
Avira Resources Ltd has successfully completed an oversubscribed capital raise, securing $815,000 to fund the exploration of the Meru Copper-Gold Project and bolster working capital. The raise saw robust participation from existing shareholders and high net worth investors, with each new share priced at $0.001, mirroring the last closing price before the trading halt. The Placement includes two tranches, with the second contingent on shareholder approval, and each new share comes with an option to purchase additional shares at $0.003 until June 2027.
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