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Ausgold Limited ( (AU:AUC) ) has provided an update.
Ausgold Limited has announced the issuance of 62,500,000 fully paid ordinary shares to new and existing professional and sophisticated investors at an issue price of $0.80 per share. This move is part of a placement strategy previously announced, and it complies with relevant sections of the Corporations Act, indicating no undisclosed information is required under the current regulations. This issuance is expected to enhance Ausgold’s capital base, potentially impacting its operational capabilities and market positioning positively.
The most recent analyst rating on (AU:AUC) stock is a Buy with a A$2.05 price target. To see the full list of analyst forecasts on Ausgold Limited stock, see the AU:AUC Stock Forecast page.
More about Ausgold Limited
Ausgold Limited is a company operating in the mining industry, focusing on the exploration and development of gold resources. The company is listed on the Australian Securities Exchange (ASX) under the ticker AUC.
Average Trading Volume: 1,024,078
Technical Sentiment Signal: Buy
Current Market Cap: A$335.9M
See more data about AUC stock on TipRanks’ Stock Analysis page.