Aguia Resources launches share purchase plan to fund gold drilling in Colombia

Aguia Resources opens $3M share purchase plan to fund gold drilling at Santa Barbara Project in Colombia. Shares offered at $0.04 with 9% discount.

Aguia Resources (ASX:AGR) has announced the launch of a Share Purchase Plan (SPP) aimed at raising up to $3 million to advance exploration activities at its Santa Barbara Gold Project in Colombia.

The SPP, which opened on 30 May 2025, offers 75 million shares at $0.04 per share, giving eligible shareholders the opportunity to apply for up to $30,000 worth of shares. The offer price reflects a 9% discount compared to the company’s closing share price on 23 May 2025.

Key Highlights:

• Aguia Resources launches SPP to raise up to $3 million
• Shares offered at $0.04, a 9% discount from 23 May close
• Proceeds to fund drilling at Santa Barbara Gold Project in Colombia
• Funds also allocated for Tres Estrades Phosphate Project and general working capital
• Applications may be scaled back if demand exceeds target

Executive Chairman Warwick Grigor emphasized the accessibility of the offer for smaller investors. “This SPP provides an opportunity for non-section 708 investors to increase their shareholding at a reduced price compared to recent market levels,” he stated.

The capital raised will accelerate drilling at the Santa Barbara Gold Project, support ongoing development at the Tres Estrades Phosphate Project, and cover general corporate expenses.

In parallel, Aguia recently generated $193,000 in revenue from gold production at Santa Barbara, as reported by Mining.com.au.

With a market capitalization of $64.29 million, Aguia Resources is a junior exploration company focused on gold, silver, and copper development across five wholly owned projects in Colombia and Brazil.