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Aguia Resources Completes $10.5 Million Private Placement

Published: 07/06/2017

Team: Gordon R. Chambers, Arend J.A. Hoekstra

On July 6, 2017 Aguia Resources Limited completed the final tranche of a brokered private placement to raise aggregate proceeds of $10,544,334, issuing Units at a price of $0.40 each. Each Unit consisted of an ordinary share and one-half of a 3-year share purchase warrant exercisable at $0.65.  Paradigm Capital Inc. acted as lead agent for the offering, together with Jett Capital Advisors, LLC and Canaccord Genuity Corp.

Aguia is an Australian-incorporated company, whose ordinary shares are listed on the Australian Securities Exchange and the TSX Venture Exchange.  Aguia’s primary focus is on the exploration and development of phosphate projects in Brazil, with its flagship Três Estradas Project located in Rio Grande do Sul, a prime farming area which is 100% dependent on phosphate imports. 

Cassels Brock acted for Aguia with a team comprised of Gordon Chambers and Arend Hoekstra (Securities and Mining).