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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: 0.088 AUD

ASX:BDC
Market: ASX
Market Cap: $122.82 m
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Bardoc Gold Ltd 'has potential to be Australia's next mid-tier gold producer'

Bardoc Gold Ltd's (ASX:BDC) CEO Robert Ryan speaks to Proactive London's Andrew Scott soon after announcing the pre-feasibility study results on its Bardoc Gold Project in Western Australia. The PFS returned a forecast average production of 135,000 ounces per annum at an AISC of $1,220 per...

on 17/3/20

2 min read