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.
Bellevue Gold's Luke Gleeson talks acceleration of development plans following $120mln raise
Quick facts: Bellevue Gold Ltd
Price: 1.225 AUD
Market Cap: $1.04 billion
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