CAPITAL MARKETS

Ausgold cashes up with Dundee increasing stake

AUSGOLD has raised more than A$11 million in a placement for its Katanning gold project that’s seen North American institution Dundee Goodman increase its stake from 7.1% to 9.9%.

Ausgold cashes up with Dundee increasing stake

The new shares are being priced at 4.5c each, with Ausgold's shares at 1.3-1.4c 12 months ago. Earlier this month Ausgold increased resources to more than 1.5 million ounces at Katanning, 275km south...

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