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Bellevue raises A$15m for exploration

26th October 2018

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

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PERTH (miningweekly.com) – ASX-listed junior Bellevue Gold has raised A$15-million through the placement of some 45-million shares, at a price of 34c each.

The offer price represented a discount of 5.6% to the company’s last closing price on October 24, and the offering was conducted under Bellevue’s existing capacity.

The company said on Friday that the funds raised would be used to fund ongoing exploration at the flagship Bellevue gold project, in Western Australia, and for general working capital.

Bellevue recently reported a maiden inferred resource estimate of 550 000 oz at the Viago Lode, at the Bellevue project, bringing the project’s global inferred resource to over one-million ounces.

 

Edited by Creamer Media Reporter

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