28th Feb 2014 14:07
LONDON (Alliance News) - GoldBridges Global Resources PLC Friday said it has raised gross proceeds of about GBP11.96 million through a placing of 550 million new shares at 2.175 pence each, money it will use for general working capital purposes and to develop its underground mine at Sekisovskoye.
Earlier this month, the company said gold production rose 53% during the fourth quarter at the Sekisovskoye mine to 8,836 ounces. Production for the whole of 2013 was up 37% to 30,670 ounces, some 12% more than it had predicted.
GoldBridges Global Resources shares were up 0.9% at 2.271 pence Friday.
By Steve McGrath; [email protected]; @SteveMcGrath1
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