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Ausgold Limited (ASX: AUC) has successfully raised AU$35 million through a share placement priced at AU$0.57 per share, attracting strong interest from both domestic and international institutional investors. This capital raise aims to expedite the development of the Katanning Gold Project (KGP) in Western Australia, following the successful completion of its Definitive Feasibility Study. The funds will support land acquisition, exploration drilling, early procurement of long lead-time items, and general working capital needs. Directors Paul Weedon and John Dorward also committed AU$150,000 collectively, pending shareholder approval. Notably, Dundee Corporation participated with an AU$2 million investment, pending regulatory clearance. The share issue involved 61.4 million new shares under ASX Listing Rules 7.1 and 7.1A, with settlement and trading scheduled for mid-July 2025. The placement was jointly managed by SCP Resource Finance and Euroz Hartleys, with Canaccord Genuity as co-manager
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.