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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: 1.225 AUD

ASX:BGL
Market: ASX
Market Cap: $1.04 billion
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Northern Star and Saracen merger 'marks start of next wave of gold...

Davide Bosio from Shaw and Partners says it's been a big year for Diggers and Dealers with a strong turnout - despite the closure of WA's borders. He says gold in Australia has predominantly been the theme and one of the big talking points was last week's merger between Northern Star...

on 15/10/20

2 min read