- Australian Gold and Copper (AGC) has raised $10 million to list on the Australian Securities Exchange (ASX)
- The gold and base metals exploration company will issue 50 million shares at 20 cents each
- The date of the ASX listing is Wednesday, January 20.
- AGC has seven drill ready discovery focused projects in the Central Lachlan Fold Belt in New South Wales
Australian Gold and Copper (AGC) has raised $10 million to list on the Australian Securities Exchange (ASX) next week.
Under the raise, the company issued 50 million shares at 20 cents each.
AGC is a gold and base metals exploration company that has seven drill ready discovery focused projects in the Central Lachlan Fold Belt in New South Wales.
The projects include four granted exploration licences, covering 1000 square kilometres.
The company’s focus is on exploring multiple gold prospects that are near-surface and outcropping and have open-pit potential.
Additionally, AGC has entered into binding agreements to purchase projects from Modeling Resources, a wholly-owned subsidiary of AGC’s parent company Magmatic Resources (MAG), and New South Resources (NSR) in exchange for consideration shares.
This also means that if you are an existing Magmatic or NSR shareholder you are entitled to the priority offer.
“AGC has developed a fast-tracked drilling and exploration program aimed to add immediate value for shareholders and the funds raised under this Prospectus will facilitate the development of this program,” the company said.
The date of the ASX listing is Wednesday, January 20.