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Bardoc Gold reels in $24 million in strongly supported "transformational" placement

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 the "transformational" capital raising which would propel the 3.02-million-ounce Bardoc Gold Project towards development.

He said this reflected the strong appetite for advanced, high-quality gold assets in Australia at a time of continued record strength in the gold market.

Quick facts: Bardoc Gold Ltd

Price: 0.083 AUD

ASX:BDC
Market: ASX
Market Cap: $142.34 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