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 Ausgold cashes up with Dundee increasing stake Ausgold cashes up with Dundee increasing stake Ausgold cashes up with Dundee increasing stake 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.

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