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  • First Au pockets $300,000 via placement
WRITTEN BY Aaliyah Rogan

First Au pockets $300,000 via placement

First Au (ASX:FAU) has raised $300,000 via a private placement to fund the assessment of new project opportunities and for general working capital. 

The company will issue 200 million new fully paid ordinary shares at $0.0015 per share to strategic professional and sophisticated investors. 

Shares will be issued without shareholder approval and is expected to occur on 5 December 2023. 

First Au notes that there are no cash commissions arising from funds raised in the placement. 

First Au is an ASX-listed gold and base metals explorer focused on discoveries at its Victorian Goldfields project and its wholly owned Gimlet Gold project.

Write to Aaliyah Rogan at Mining.com.au     

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Written By Aaliyah Rogan
Now based in London as Mining.com.au’s Europe Correspondent, Aaliyah brings years of dedicated reporting mining news. Relocating from New Zealand to Australia before making the leap to the UK, she's built a reputation for sharp storytelling and a genuine passion for the resources industry. When she’s not chasing the latest developments across Europe, Aaliyah can be found exploring new cities, enjoying good food with friends, or unwinding by the water.

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