() 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.
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