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Mining Capital

Scotgold Resources keen to crack on with construction after £2.65 mln raise

Richard Gray, chief executive of Scotgold Resources Limited (LON:SGZ), tells Proactive they've raised £2.65 mln via a rights issue offering two new shares for every three already held.

The offer price is 25p, although for each five existing shares shareholders also get one new option priced at 40p.

The money raised will be used to commence the next stage of work at Scotgold’s Cononish gold mine in Scotland, where the existing stockpile will shortly be depleted.

 

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