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Scotgold Resources Ltd announces non-renounceable entitlement issue


Monday, 25 Nov 2013 04:37pm EST 

Scotgold Resources Ltd:Says a non-renounceable entitlement issue of three new shares for every four existing shares held by eligible shareholders registered on Dec. 5, at an issue price of A$0.0050 per share to raise up to approximately $830,871 (offer).Says this offer opens on Dec. 6 2013 and closes on Dec. 23, unless extended at the directors' discretion.Says it intends to apply the funds raised from the offer towards the ongoing exploration programs at the company's projects, the costs of the offer and general working capital.Says cash costs of the offer will be approximately $50,000. 

Company Quote

0.35
0.0 +0.00%
30 Oct 2014