First Au: Raise up to $747K through share placement

First Au: Raise up to $747K through share placement

• First Au (FAU) has received commitments to raise up to $747,000 through a share placement to existing and new sophisticated and professional investors
• Then the placement is part of a greater capital initiative to raise up to $1.027 million
• Under the placement, First Au will issue 74,700,000 fully paid ordinary shares at one cent per share
• Shareholders can apply for up to $30,000 each of new fully paid ordinary shares in the company at one cent each
• Additionally, First will aim to raise up to $280,000 through a share purchase plan to eligible shareholders
• Company shares have dipped 7.69 per cent in the red to trade for 1.2 cents each