Argonaut acted as Co-Manager to successfully raise $26.5 million for Bellevue Gold Limited (ASX: BGL) (“Bellevue” or the “Company”) at an issue price of $0.30 per share by way of a placement (“Placement”). The Placement was underpinned by strong support from international and domestic institutions.
Funds from the Placement will be applied towards commencement of phase two infill drilling to fund further expansion of the upcoming maiden Indicated resource at the Company’s flagship Bellevue Gold Project, ongoing step out exploration, economic studies and general working capital.
Argonaut is delighted to continue to provide support to Bellevue and looks forward to Bellevue’s ongoing success.
Additional information regarding Bellevue can be found on the Company’s website at http://www.bellevuegold.com.au/