Bardoc Gold $15 million capital raising

Company News

by Katrina Bullock

Bardoc Gold (ASX:BDC) is conducting a capital raising of up to $15 million to finance its exploration, development and growth strategy around its flagship Bardoc Gold Project.

The Project is near Kalgoorlie in Western Australia.

The Company has received firm commitments to raise $12 million from professional, sophisticated and other institutional investors through a share placement at 10 cents per share.

Participants in the placement will also be issued one free attaching option exercisable at 16 cents each for every 2 shares.

Bardoc will also raise funds though a share purchase plan to eligible shareholders on the same terms in order to raise up to an additional $3 million.

Shares in Bardoc Gold (ASX:BDC) are trading 4.6 per cent lower at 10 cents.

 

Katrina Bullock

Finance News Network
Katrina is a respected TV journalist, as well as a renowned presenter and award winning lawyer. She holds a Bachelor of Laws (Honours 1st class, division 1), a Bachelor of Business (with Distinction) and is currently undertaking a PhD in Law focused on stock exchange disclosures and corporate governance. She began her career as a corporate lawyer in an Australian top tier commercial law firm and is currently the General Counsel of Greenpeace Australia Pacific. In 2020 Katrina was named one of the 30 best lawyers in Australia under 30 by Lawyer's Weekly.