InvestSMART

Pacgold Limited (ASX:PGO)

ALERT: Price-sensitive ASX Announcement for PGO
Current share price for PGO : $0.155 -0.015 (-8.82%)+
Announcement
Release
31 Jul 2026 9:51AM
Price at Release
$0.170
Full Release
download
Summary
Pacgold Limited has announced a successful $13 million placement following a significant gold and copper discovery at White Dam North. The placement will be executed in two tranches, involving the issuance of approximately 86.67 million new shares at A$0.15 each. Funds from this capital raising will be allocated towards the expansion and ramp-up of production at the White Dam Gold Project and further exploration activities, including resource drilling and exploration of new prospects around the mine site. This strategic move is expected to enhance shareholder value and support the company's growth initiatives. The Directors of Pacgold are also participating in the placement, subject to shareholder approval in the upcoming Annual General Meeting.
Key Points
  • Pacgold has secured a $13 million placement.
  • The placement follows a high-grade gold and copper discovery at White Dam North.
  • Approximately 86.67 million new shares will be issued at A$0.15 each.
  • Funds will support production expansion and exploration at White Dam.
  • Placement involves two tranches, with Director participation subject to AGM approval.
  • Joint lead managers are Euroz Hartleys Limited and Taylor Collison Limited.
  • Strategic focus on near-mine exploration and production ramp-up.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.