The offer is expected to close at 5:00 pm AEST on Friday, December 8, 2023, or at such earlier time as the board may elect. Placement response Buru's A$5 million placement attracted significant interest, securing investments from existing major shareholders and new institutional and professional investors. Commenting on the placement, Buru CEO Thomas Nador said: "The strong support of our major shareholders and new institutional investors for this capital raising reflects the progress we have made on the delivery of our structured program of appraisal and definition of commercialisation pathways of our very exciting Rafael discovery.