https://www.miningweekly.com
Gold|PROJECT|Drilling
Gold|PROJECT|Drilling
gold|project|drilling

Bardoc's raising well supported

26th April 2019

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – ASX-listed Bardoc Gold has completed a A$12-million capital raise through a rights issue and share placement, well above the targeted A$11.3-million.

The company placed some 175-million shares, at a price of 4c each, to raise an initial A$7-million, and undertook a one-for-ten non-renounceable pro-rata entitlement offer to raise the remaining funds.

“We are delighted with the response to the entitlement issue and the previous A$7-million placement, which allows us to fast-track our Australian gold strategy and puts us in an outstanding position as an emerging Western Australian gold explorer and developer,” said Bardoc CEO Robert Ryan.

“We have already commenced a 10 000 m reverse circulation and diamond drilling programme aimed at discovering new deposits which will add to the 2.6-million-ounce resource inventory at the Bardoc gold project,” Ryan said.

Edited by Creamer Media Reporter

Comments

Showroom

Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 
Stewarts & Lloyds
Stewarts & Lloyds

Stewarts & Lloyds today supplies steel and tube, pipe and fittings, valves, pumps, irrigation, fencing, profiling and roofing products. The cash...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Resources Watch
Resources Watch
27th March 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.117 0.153s - 109pq - 2rq
Subscribe Now