Gold exploration company Ariana Resources (LSE:AAU) has successfully raised A$11 million (around £5.3 million) in gross proceeds via its Australian Securities Exchange (ASX) dual listing offer, which concluded on August 14, the company confirmed Friday.
The offer was priced at A$0.28 per CHESS Depositary Interest (CDI) and initially aimed to attract between A$10 million and A$15 million from eligible investors in Australia and selected other jurisdictions. Each CDI corresponds to 10 underlying ordinary shares of Ariana Resources.
Through this placement, the company will issue 39,285,714 CDIs, alongside an additional 157,062 CDIs under a separate “Director Offer.” Collectively, these CDIs translate into 394,427,760 new ordinary shares at an effective price of 1.34 pence per share, representing roughly 16.87% of Ariana’s expanded share capital.
The new ordinary shares are expected to begin trading on AIM around September 15, 2025. Once admitted, the company’s total issued ordinary share capital will reach 2,338,378,041 shares, each carrying one voting right.
Ariana Resources is now focused on completing remaining ASX requirements to meet its indicative listing date of September 15 under the ticker AA2.
Ariana Resources operates as a mineral exploration and development group with gold-focused projects across multiple countries. Its portfolio includes the Dokwe Gold Project in Zimbabwe, gold-silver production interests in Türkiye via a joint venture, and copper-gold-silver exploration assets in Cyprus and Kosovo.
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