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
