https://www.miningweekly.com

Investors flock to Bellevue raising

7th December 2022

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – Gold developer Bellevue Gold has completed a A$60-million institutional placement to derisk its Western Australian gold operation.

The company this week announced a A$70-million capital raise, which included the share placement and a share purchase plan (SPP) to raise a further A$10-million, to accelerate underground development and exploration at the Bellevue gold project, further derisking the production outlook and increasing financial flexibility during construction and ramp-up.

Bellevue on Wednesday said that it had now received firm commitments for the fully underwritten share placement and had received strong demand from existing and new domestic and offshore institutions.

The placement shares will be issued under the company’s existing placement capacity and will settle on December 12.

Meanwhile, the SPP will open on December 14 and close on January 13.

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

ZF Aftermarket
ZF Aftermarket

ZF Aftermarket is the after-sales division of the world-renowned German ZF group, a global leader in mobility technology.

VISIT SHOWROOM 
Vikela Aluvin (Pty) Ltd
Vikela Aluvin (Pty) Ltd

Complete range of security sealing solutions including security seals bags and labels.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

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:0.044 0.723s - 111pq - 2rq
Subscribe Now