Audalia Resources Limited (ASX: ACP) announced the completion of a $2,000,000 placement to a sophisticated investor, as previously disclosed in its October 28, 2024, ASX announcement. The funds raised will advance secondary approvals and exploration efforts for Audalia's Medcalf Project, while also supporting general working capital needs. The company utilized its 15% issuance capacity under ASX Listing Rule 7.1 for this placement, with a separate Appendix 2A lodged. Audalia is also exploring additional funding options to secure necessary regulatory approvals for the Medcalf Project’s development.
Under section 708A(5) of the Corporations Act 2001, the on-sale of these shares is exempt from disclosure requirements. Audalia confirmed compliance with all necessary reporting obligations, and as of the notice date, no undisclosed information would impact investors’ ability to assess the company's financial standing or the rights related to these shares.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
