Aguia raising aims to grow development opportunity

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.

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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