Proactive Investors - Run By Investors For Investors

Bellevue Gold secures $20 million in new funding for gold project

Funds raised will go towards ongoing exploration at the flagship Bellevue Gold Project.
funding concept
Shares are trading at 61 cents, a strong premium to the 55 cent placement price

Bellevue Gold Ltd (ASX:BGL) has raised $20 million through the issue of 37 million shares priced at 55 cents each as part of a share placement.

The capital raising received strong support from institutional and sophisticated investors based in Australia, as well as continued support from its North American institutional investors.

Notably, these North American investors include a number of specialist global gold funds.

READ: Bellevue Gold increases gold deposit to over 1.5 million ounces, shares rise

Bellevue’s managing director Steve Parsons said: “We would like to welcome a number of new institutional investors onto our share register and thank our existing shareholders for their ongoing support.

"We are particularly pleased with the level of support from a number of institutional investors based in Australia, as well as the ongoing support from our North American institutional investor base.

"We are now fully funded to undertake drilling activities at Bellevue for the next 12 months.”


View full BGL profile View Profile

Bellevue Gold Ltd Timeline

Related Articles

Leonora project location
January 30 2019
The Sprott-backed company posted its quarterly activities and cashflow reports to market yesterday.
A Ghana map showing its capital Accra
January 16 2019
A PFS found that the project in Ghana could generate US$1.4 billion free cash flow before tax.
Gold mining project development operations at West Wits Mining
April 09 2019
Sixty per cent of Mt Cecelia project’s boundaries are surrounded by Rio Tinto, which has upped its landholding in the region by 1,000%.

© 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