www.republicgold.com.au
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.
Republic Gold in A$6 million capital raising
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.


















