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Full interview: Bardoc Gold announces $12 million capital raising and additional $3 million SPP for new acquisitions

Bardoc Gold Ltd (ASX:BDC) chief executive officer Robert Ryan updates Proactive on a $12 million capital raising supplemented by a targeted share purchase plan (SPP) for an additional $3 million.

Funds will be used for exploration on the company’s recent acquisitions near its 2.6 million ounce Bardoc Gold Project in the prolific Kalgoorlie district of Western Australia as well as for pre-feasibility study and definitive feasibility study work.

Ryan says it’s an exciting time to be with the company as the acquisitions have previously hosted high-grade operations and appear likely to strengthen the company’s existing gold bounty.

Quick facts: Bardoc Gold Ltd

Price: 0.08 AUD

ASX:BDC
Market: ASX
Market Cap: $138.47 m
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Bardoc Gold Ltd (ASX:BDC) has received a strong indication of support for its transition from gold explorer to developer by raising $24 million in a share placement. Chief executive officer Robert Ryan told Proactive that there had been a high level of demand from institutional investors in...

on 8/7/20

2 min read