Commodities > Agminerals

Aguia aims for growth on raising

Phosphate developer Aguia Resources has raised nearly C$11 million for its Rio Grande prospects in Brazil with the capital raising also a key precondition for its proposed listing on the Toronto Stock Exchange’s Venture board listing.

Commodities > Agminerals

Aguia aims for growth on raising

Phosphate developer Aguia Resources has raised nearly C$11 million for its Rio Grande prospects in Brazil with the capital raising also a key precondition for its proposed listing on the Toronto Stock Exchange’s Venture board listing.

Aguia aims for growth on raising

Aguia is drilling up phosphate resources in one of Brazil's biggest agricultural regions

The raising was targeted at North American investors, with Paradigm, Jett and Canaccord involved, and 27 million units offered at 40c per unit - with each unit comprising one share plus half a warrant to buy a new share at 65c in the next three years.