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Article: Republic Gold Limited (ASX:RAU) To Raise A$4.7 Million To Fund Amayapampa And FNQ Feasibility Studies
- Article from:
- abnnewswire.net
- Article date:
- May 7, 2009
- Author:
CopyrightCopyright 2009 ABN Newswire. (Hide copyright information)
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Republic Gold Limited (ASX:RAU) are pleased to announce that the Company has closed a Placement for A$750,000 at 2.0 cents per share ("Placement") and signed an Underwriting Agreement for a 1-for-4 renounceable Rights Issue to all shareholders also at a price of 2.0 cents per share ("Rights Issue"). The Rights Issue is fully underwritten by Patersons Securities Limited.
The funds raised from this financing will enable the Company to complete feasibility studies for its Amayapampa Gold Project in Bolivia and its Tregoora and Northcote Gold Projects in Far North Queensland.
Republic's Managing Director; John Kelly, said:
"The Company now has the funding certainty to complete its two ...