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Pacgold Limited ( (AU:PGO) ) has shared an announcement.
Pacgold Limited has issued 127,014,834 fully paid ordinary shares at $0.075 each to institutional and sophisticated investors as part of a placement announced in October 2025. This move, conducted without disclosure under the Corporations Act, signifies Pacgold’s strategic efforts to bolster its financial resources, potentially enhancing its exploration and operational capabilities in the mineral-rich regions of Queensland and South Australia.
More about Pacgold Limited
Pacgold Limited is an ASX-listed mineral exploration company focused on gold-rich projects in Northeast Queensland, Australia. The company owns the Alice River Gold Project, which spans 377 square kilometers and features prospective gold targets. Additionally, Pacgold has interests in the St George Gold-Antimony Project and the White Dam Gold Operation, positioning itself for near-term gold production and cash flow.
Average Trading Volume: 1,929,916
Technical Sentiment Signal: Sell
Current Market Cap: A$16.68M
For detailed information about PGO stock, go to TipRanks’ Stock Analysis page.