Pacgold Limited Launches $3.2M entitlement offer
- Gold explorer Pacgold (PGO) launches a five-for-48 underwritten non-renounceable pro-rata entitlement offer to raise $3.2 million
- The entitlement offer is underwritten by Taylor Collison and Euroz Hartleys, and is open to eligible Australian and New Zealand shareholders
- It follows the company’s share placement completed last week which raised $7.8 million
- The fresh capital is set towards accelerating drilling and exploration at its Alice River Gold Project in north Queensland
- PGO shares are trading up 2.6 per cent at 79 cents.
