Proactive Investors - Run By Investors For Investors

Bellevue Gold has major shareholder increase stake

The company recently raised $15 million in an oversubscribed share placement.
markets concept with word SHAREHOLDER overlaid
Notably, the placement received interest from specialist global gold funds

Bellevue Gold Ltd (ASX:BGL) has had one of its major shareholders increase its holding in the company’s undiluted total shares to 9.85% from 8.09%.

Bank of Nova Scotia and associated parties and affiliates acquired an additional 7.058 million shares at 34 cents taking its total holding to 39.558 million shares.

READ: Bellevue Gold secures $15 million after strong demand in placement

Bellevue recently raised $15 million through the placement of 45 million shares priced at 34 cents to sophisticated and institutional investors.

Funds raised will be used for ongoing exploration at the flagship Bellevue Gold Project in Western Australia where the gold resource was recently increased to 1.04 million ounces grading 12.3 g/t gold.

The company aims to unlock the potential of a historic high-grade gold mine.

View full BGL profile View Profile

Bellevue Gold Ltd Timeline

Related Articles

1538719481_shutterstock_145281661.jpg
October 06 2018
Northwest Nonferrous Australia Mining sold the project to De Grey in a transaction for which it will pay another $10.4 million in cash and $3 million in shares.
1544472364_oil-worker-silhoette.jpg
December 11 2018
MGX is focused on mining, water (including mineral extraction from brines, eg, lithium) and battery mass storage
A Ghana map showing its capital Accra
Wed
A PFS found that the project in Ghana could generate US$1.4 billion free cash flow before tax.

© Proactive Investors 2019

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use