Westgold raises cash buffer

WESTGOLD Resources has completed a A$45 million placement to accelerate its Central Murchison gold project in Western Australia, and to ensure it has ample cash reserves to fund both future growth options, and back higher levels of demand for its services division.

Westgold raises cash buffer Westgold raises cash buffer Westgold raises cash buffer Westgold raises cash buffer Westgold raises cash buffer

The placement, priced at $2.25 per share, was described as "strongly supported" by local and international institutions, primarily two Australian groups.