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Pacgold Limited ( (AU:PGO) ) just unveiled an announcement.
Pacgold Limited has issued 21,474,690 fully paid ordinary shares at $0.06 per share to institutional and sophisticated investors as part of a placement announced in May 2025. This move, conducted without disclosure under Part 6D.2 of the Corporations Act, signifies the company’s compliance with relevant legislative provisions and highlights its strategic efforts to bolster financial resources for its ongoing exploration projects.
More about Pacgold Limited
Pacgold Limited is an ASX-listed minerals exploration company focusing on the Alice River Gold Project in the Northeast Queensland Mineral Province. This region is known for its rich gold deposits, including notable sites such as Pajingo, Mt Leyshon, Kidston, and Ravenswood. The project encompasses 30km of prospective gold targets within 377 square kilometers of exploration permits and mining leases, situated in a large intrusion-related gold system.
Average Trading Volume: 297,523
Technical Sentiment Signal: Sell
Current Market Cap: A$8.81M
See more data about PGO stock on TipRanks’ Stock Analysis page.