Aurum Resources Ltd.'s subsidiary, Koulou Gold Corp., has successfully completed a non-brokered private placement, raising approximately $13.04 million through the issuance of 31,051,260 shares priced at $0.42 each. The funds will be used for exploration activities in Côte d'Ivoire, business development, and general working capital. Finders, including Haywood Securities Inc. and 3L Capital Inc., received cash fees and shares for their roles in the placement. CEO Alex Ruggieri expressed enthusiasm for the upcoming exploration efforts and the company's growth potential.
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