Scotgold Resources Ltd - Stirlingshire-based gold and silver explorer and producer in Scotland - Intends to undertake a proposed capital raising for at least USD2.0 million through a placing, subscription and retail offer. Plans to raise USD669,000 through a subscription at a price of 40 pence. Intends to carry out a retail offer of up to 1.3 million new shares at the issue price on the bookbuild platform to raise a further USD609,000. The placing will be effected by way of an accelerated bookbuild, it adds. Plans to use proceeds to further Cononish gold mine in Scotland.
Current stock price: 61.00 pence
12-month change: down 16%
By Abby Amoakuh, Alliance News reporter
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