Bellevue Gold Bags $26.5 Million Firm Commitments

  • Mar 25, 2020
  • Team Kalkine

Bellevue Gold Limited(ASX:BGL) bags firm commitments for $26.5 million in a share place placement.

  • BGL priced the Placement at $0.30 a share, representing a 7.7 per cent discount to the Company’s last trading price of $0.325 on ASX.
  • The Placement was within the Company’s existing capital raising allowance; thus, no shareholder approval was required.
  • As per the Company, the Placement was well supported by leading Australian and overseas institutions, including existing institutional and sophisticated shareholders.

There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.

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