Corporate
On 29 July 2024, Mr David Maxwell was appointed as a Non-executive Director of the Company. On 15 August 2024, Mr Eric Streitberg retired from his position as Chair of Buru and resigned as a Director of the Company. On the same day the Board agreed to elect Mr David Maxwell as Chair.
On 30 September 2024, Buru announced the successful completion of an oversubscribed and scaled back share placement of $6.7 million (before costs) at 6.2 cents per share which was strongly supported by institutional and professional investors and Directors.
A General Meeting of shareholders was held on 21 November to approve the ratification of the issue of shares under placement subject to Listing Rules 7.1 and 7.1A and the issuance of new shares to directors under the same terms as the share placement.
