A capital raising of A$45 million has been announced today by Top 10 Australian gold producer, Crescent Gold Limited (ASX: "CRE", TSX: "CRA").

Substantially strengthening its balance sheet, the issue will provide the financial flexibility for the company to optimally grow its production profile and enhance the value of its asset portfolio. One of the principal uses of proceeds from the 2-for-3 non-renounceable rights issue will be to bring the Summit underground gold mine, previously known as Lancefield and located within the Laverton area, back into production...
Questions can be directed to: Mark Tory or Renee Brickner Interim Managing Director/CFO Geologist, Corporate Communications N.A. Perth, Australia Vancouver, BC Ph: +61 8 6380 7100 Ph: +1-604-802-6806
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