News and Announcements
Fully Underwritten Non-Renounceable Rights Issue to Raise Up to A$3.31 Million
- Published March 07, 2012 11:39PM UTC
- Publisher Wholesale Investor
- Categories Company Updates
Today Southern Gold Limited (“Southern Gold” or the “Company”) is pleased to formally announce the second stage of its $4.66 million capital raising ‐ a fully underwritten non‐renounceable rights issue to raise up to approximately A$3.31 million before costs (“Rights Issue”).
The first part of the raising was a placement to Southern Gold’s Kalgoorlie (WA) neighbour, Integra Mining Ltd (“Integra”), announced on 31 January 2012. The Placement was completed on 2 February 2012 and raised approximately A$1.35 million. The Board welcomes Integra as a supportive cornerstone investor.
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