Saturday, July 24, 2021

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Bellevue Gold: Completes $35M share purchase plan

  • Bellevue Gold (BGL) has completed its share purchase plan, successfully raising more than the original amount
  • Bellevue received applications from 2896 shareholders, a participation rate of 37.83 per cent
  • Due to the strong demand received, the company decided to increase the size of the plan from $20 million to $35 million
  • A total of 35 million shares will now issued at a price of $1 each and Bellevue expects this to occur on or around August 18
  • The company will use the money to fund ongoing resource growth and speed-up development of its namesake gold project in WA
  • Bellevue’s shares are currently down 5.88 per cent and trading for $1.04 each

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