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

Bellevue to raise A$26m for drilling

25th March 2020

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – Junior Bellevue Gold will raise A$26.5-million through a share placement to fund resource infill and resource extension drilling at its namesake gold project, in Western Australia.

The company on Wednesday said that it had received firm commitments for a share placement, priced at 30c each, with the placement to be undertaken under Bellevue’s existing placement capacity. 

The offer price represented a 7.7% discount to Bellevue’s last closing price of 32.5c a share.

“To complete a raising such as this in any environment is an excellent achievement, but to do it in the current market circumstances is exceptional. Under the current budget, we are funded through to mid calendar year 2021,” said Bellevue MD Steve Parsons.

“The strong support shown by leading institutional investors is a huge endorsement of the Bellevue project and its growth potential.

“The proceeds ensure we have ample cash to continue unlocking the value of this project through infill and resource growth drilling while also undertaking the economic and technical studies which should pave the way for development and production.”

Edited by Creamer Media Reporter

Comments

Showroom

Flameblock
Flameblock

FlameBlock is a proudly South African company that engineers, manufactures and supplies fire intumescent and retardant products to the fire...

VISIT SHOWROOM 
SBS Tanks
SBS Tanks

SBS® Tanks is a leading provider of innovative water security solutions with offices in Southern Africa, East and West Africa, the USA and an...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

PGMs and green hydrogen make headlines
PGMs and green hydrogen make headlines
19th April 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:3.515 3.558s - 109pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: