Bauba Resources Limited announced that it expects to receive ZAR 54.686 million in funding from Raubex Limited
Bauba Resources Limited (JSE:BAU) entered into binding subscription agreement to issue 147,800,000 shares at the price of ZAR 0.37 per share for gross proceeds ZAR 54,686,000 on March 11, 2021. The transaction will include participation from Raubex (pty) Limited which will acquire 30% of issued shares prior to the issue.