AUC 3.49% 41.5¢ ausgold limited

News: AUC Ausgold to raise up to $3.9 mln for Katanning Gold Project

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    Oct 10 (Reuters) - Ausgold Ltd (AUC)

    • Ausgold to raise up to 3.9 million dollars for KGP
    • received binding commitments for a share placement to raise $1.5 million before costs
    • Company will also be conducting a 1-for-5 non-renounceable entitlement issue to existing eligible shareholders
    • Under placement, co to issue 60.5 million shares at issue price of 2.5 cents per share
 
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