Additional Information
Market: ASX
Sector: General Mining - Gold
EPIC: RAU
Latest Price: A$0.00  (0,00%)
52-week High: A$0.01
52-week Low: A$0.00
Market Cap: A$3.34M
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Republic Gold Limited’s vision is to become a leading gold explorer and producer, focusing on gold deposits in Bolivia's and Australia’s slate belt gold provinces. The Directors of Republic Gold offer what they believe is an attractive portfolio of tenements in southern Bolivia, the Hodgkinson Basin in Far North Queensland and in the Lachlan Fold Belt in Central New South Wales.

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Republic Gold in trading halt pending capital raising

10th Sep 2010, 1:59 pm

Queensland based Republic Gold (ASX:RAU) has requested the ASX that the company’s securities be placed in pre-open, pending a release regarding capital raising specifics.

The trading halt will remain in place until the company releases an announcement, or the commencement of trade on Tuesday 14 September 2010.

The capital raising is part of a broader program for the miner to increase cash holdings, and follows the New South Wales Burraga asset sale for $800,000, to Burraga Copper (BCPL) last month.

Under the Burraga asset sale arrangement, Republic has the right to buy back the Burraga assets at three different times and three different prices during the next year.

BCPL will also enter into a Management Agreement with the Company to ensure the proper management of the licences and tenements.

The Republic current market capitalisation is $19 million.

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