Pacgold Issues New Shares Under Cleansing Notice While Advancing Gold and Antimony Portfolio

An announcement from Pacgold Limited ( (AU:PGO) ) is now available.

Pacgold Limited has issued 334,833 fully paid ordinary shares from its existing class of quoted securities on the ASX, utilising provisions of the Corporations Act that allow the issuance without a prospectus while confirming compliance with continuous disclosure and financial reporting obligations. The company stated that there is no excluded information withheld from the market, signalling that the small equity issuance is being made within established regulatory frameworks and is unlikely to materially alter its operational strategy as it advances its portfolio of gold and antimony assets toward production and cash generation.

The most recent analyst rating on (AU:PGO) stock is a Hold with a A$0.14 price target. To see the full list of analyst forecasts on Pacgold Limited stock, see the AU:PGO Stock Forecast page.

More about Pacgold Limited

Pacgold Limited is an ASX-listed mineral exploration company with highly prospective gold and antimony projects in North Queensland and South Australia. Its flagship 100%-owned Alice River Gold Project in Queensland spans 377 square kilometres within an intrusion-related gold system analogous to major global deposits, complemented by the St George Gold-Antimony Project where Pacgold can earn up to 100% of a 905 square kilometre tenement in an emerging antimony province. The company has also acquired the White Dam Gold Operation in South Australia, a turnkey asset with open-pit mines, heap leach facilities and an operational gold extraction plant, providing a pathway to near-term revenue and cash flow to support ongoing growth and exploration.

Average Trading Volume: 3,502,197

Technical Sentiment Signal: Buy

Current Market Cap: A$59.64M

Learn more about PGO stock on TipRanks’ Stock Analysis page.