June 6 (Reuters) - Chalice Gold Mines (CHN) -
- Chalice subscribes to $1m share placement in ausgold limited
- Chalice gold mines -agreed to subscribe to share placement of 40 million shares in ausgold at an issue price of 2.5 cents per share for a total of $1.0 million
- Has agreed to sell dumbleyung project to ausgold for 15 million shares and 10 million unlisted share options that are exercisable at 3.5 cents per share
- Following placement & issue of dumbleyung consideration shares and options, chalice will hold a 12% interest in ausgold
- Funds from placement will predominantly be used to advance ausgold's flagship katanning gold project in western australia
News: AUC Chalice Gold Mines subscribes to share placement in Ausgold Limited
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