Aragon Resources finalises $13 million capital raising

Aragon Resources (ASX: AAG) has wrapped up the previously announced capital raisings in full, raising a gross amount of $13 million.
The offer was an excluded offer to sophisticated investors and was completed by Southern Cross Equities and Paterson Securities as joint lead managers.
Meanwhile, Aragon has also advised that it is on track to complete the acquisition of Fulcrum Resource, with the target company informing Aragon that it is due to settle the transaction with Harmony Gold/New Hampton to acquire Big Bell Gold Operations, the holder of the Cue Gold Project, next week.
Chief Executive and Executive Director Paul Benson said the funds would be used to settle the obligations of Fulcrum to acquire BBGO and provide working capital for aggressive exploration and evaluation of the projects.  http://www.proactiveinvestors.com.au/companies/news/4107/aragon-resources-finalises-13-million-capital-raising-4107.html