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HomeFinTechPacgold Limited: Launches $3.2M entitlement offer

Pacgold Limited: Launches $3.2M entitlement offer

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Pacgold Limited Launches $3.2M entitlement offer

  • Gold explorer Pacgold (PGO) launches a five-for-48 underwritten non-renounceable pro-rata entitlement offer to raise $3.2 million
  • The entitlement offer is underwritten by Taylor Collison and Euroz Hartleys, and is open to eligible Australian and New Zealand shareholders
  • It follows the company’s share placement completed last week which raised $7.8 million
  • The fresh capital is set towards accelerating drilling and exploration at its Alice River Gold Project in north Queensland
  • PGO shares are trading up 2.6 per cent at 79 cents.

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