10th Mar 2016 10:21
LONDON (Alliance News) - Miner Scotgold Resources Ltd on Thursday said it has raised GBP500,000 through a share placing to back work on its gold and silver projects in Scotland.
The company has placed 83.3 million shares at 0.6 pence per share to raise the funds. Scotgold shares were up 3.3% to 0.749p Thursday.
The funding will be used to back development work on the Cononish gold and silver project, including any appropriate revisions to the bankable feasbility study for the site.
By Sam Unsted; [email protected]; @SamUAtAlliance
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