Bellevue Gold (ASX: BGL) has announced that it shall raise $100 million through fully-underwritten share placement to grow resources and speed up the development of the Bellevue Gold Project in Western Australia. Details include:
- 100 million new shares shall be issued to institutional investors at a price of $1 per share under the share placement
- BGL plans to Undertake a SPP with an objective to raise $20 million and has the right to scale back applications if demand exceeds $20 million
- SPP is anticipated to open from 20 July 2020 to 7 August 2020
BGL shares started trading today after going into a trading halt on 9 July and were noted at $1.065 by AEST 12:42 PM.
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