Black Dragon Gold: Completes first tranche of placement

Black Dragon Gold Completes first tranche of placement

• Black Dragon Gold (BDG) raises $1.85 million from the first tranche of its $2.4 million placement
• The company is allotting just over 33 million shares in the forms of CDIs at 5.6 cents per CDI and the second tranche is subject to shareholder approval
• A share purchase plan aims to raise up to $2.29 million with eligible shareholders able to subscribe for up to $30,000 at the same CDI price as the placement
• The company says the proceeds will primarily go towards its Salave gold project in Spain
• Shares are trading steady at 5.7 cents