CAPITAL MARKETS

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.

Michael Quinn
Aguia raising aims to grow development opportunity

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...

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