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
1 year chart
1 day chart
Watchlist/Portfolio

Add to watchlist:

Only registered members can add into watchlist !

Register here !

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.

Pdf

Republic Gold in A$6 million capital raising

14th Sep 2010, 9:07 am

Republic Gold (ASX:RAU) has announced a A$6 million capital raising, comprising a A$2 million placement to institutional and sophisticated investors and a A$4 million share purchase plan.

Republic has completed the $2 million placement, with 200 million shares issued at $0.01 a share.

The share purchase plan will invite approximately 5,000 eligible shareholders to purchase up to $15,000 of shares at $0.01 cent per share.

Republic said funds raised are to provide working capital to finalise project financing, and to further develop the Amayapampa Gold Project in Bolivia, with a timeline of 12 to 18 months until first production.

John Kelly, managing director, said that the placement was strongly supported.

“Securing institutional support through the Placement is a major step forward for the Company and having the SPP underwritten for $4 million is further evidence of the market’s confidence in the Amayapampa Gold Project in Bolivia.”

“Republic shareholders will have the opportunity to buy shares at the same price offered to institutional and sophisticated investors and we expect strong interest in the SPP amongst our 5000 shareholders”.

Patersons will be underwriting the $4 million share purchase plan.

No investment advice

The Company is a publisher and is not registered with or authorised by the Financial Services Authority (FSA). You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.