Under the security purchase plan, shareholders subscribed for 10.5 million shares at $0.04 each raising $420,000 of the total.
Augur also placed a further 17.59 million shares at $0.04 each with a range of Australian and overseas investors to raise an additional $703,750.
Grant Kensington, managing director, commented on the positive result: "Given the current investment environment it is extremely encouraging to get the support from both current shareholders and new shareholders.
“The completion of the capital raising represents strong support for the Wonogiri gold and copper project in central Java."
Augur is aiming to complete an initial pit design during 2012 and the Pre-Feasibility Study by May 2013.
- seems to be following the time frame already published?
AUK Price at posting:
4.0¢ Sentiment: Hold Disclosure: Held
