Corporate
On 14 November 2023 Buru successfully completed a Share Placement with several of Buru’s major shareholders, as well as new institutional shareholders, raising a total of some $5 million. A Share Purchase Plan was also launched in November 2023 and closed on 8 December raising a further $3.7 million.
The funds will be used to ensure that preparations for the planned 2024 appraisal drilling program maintain their current momentum and the Company is fully funded through its current program of partner selection and commercialisation activity. The total number of new shares issued by way of the Share Placement and Share Purchase Plan was some 75.3 million.