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Bellevue Gold's Luke Gleeson talks acceleration of development plans following $120mln raise

Bellevue Gold Ltd's (ASX:BGL) Luke Gleeson tells Proactive's Andrew Scott their $100 million fully underwritten share placement was strongly supported with firm commitments from institutional investors for the issue of 100 million new shares at $1.00 per share. He says they're also undertaking a share purchase plan (SPP) of up to $20 million with shares offered at the placement price of A$1.00. The equity raising will see the company fully funded for an aggressive exploration campaign at its Bellevue Gold Project in WA.

Quick facts: Bellevue Gold Ltd

Price: 1.1525 AUD

ASX:BGL
Market: ASX
Market Cap: $904.25 m
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