Norseman Gold PLC (AIM: NGL) said trading of its shares on the Australian Stock Exchange will begin tomorrow, June 25, and that the fundraising that was undertaken as part of the dual listing has now gone unconditional,
It raised A$9 million through the placing of 20 million new shares. It will use the bulk of the proceeds for resource drilling of the OK Decline and North Royal deposits in Western Australia, and bringing them into production as a third mine to provide additional ore for the under-utilised Phoenix processing plant.
Norseman shares will trade on the ASX under the ‘NGX’ code.
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