🕐18.04.11 - 01:54 Uhr

Republic Gold [ASX: RAU] - Capital Raising



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Republic Gold [ASX: RAU] - Capital Raising

Republic Gold Limited (ASX: RAU) has successfully completed a $1.45 million capital raising and will raise a further $5.57 million via a fully underwritten 1 for 2 renounceable rights issue by Patersons Securities Limited to raise total capital of approximately $7 million.

Highlights:

Capital Raising of approximately A$7.0m at $0.005 per New Share comprising;
1.

Share Placement which raised A$1.45m; and
2.

1 for 2 Renounceable Rights Issue to raise A$5.57m

The net proceeds of the capital raising will be focussed on the Company�s Amayapampa Gold Project in Bolivia including an aggressive resource development drilling programme which has already commenced.

Amayapampa is set to become Bolivia�s largest producing gold mine with total JORC Reserves of 787,300 ounces of gold from JORC Resources of over 1,280,000 ounces of gold.

For details and Republic Golds focus for the next quarters, please see attached announcement.

For further information, please contact:

Peter Wicks
Executive Chairman
Republic Gold Limited
P: +61 2 8249 4700

Media and Investor Relations:
Fortbridge Consulting
P: +61 2 9331 0655
Luke Dean
M: +61 414 535 433
E:

Bill Kemmery
M: +61 400 122 449
E:

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