Peregrine Gold Limited (ASX:PGD) Announces Results of Entitlement Offer
Entitlement Offer Results
Peregrine Gold Limited (ASX: PGD) announced the closure of its pro-rata non-renounceable entitlement offer on 28 January 2025. The company received applications for 11,585,549 shares at $0.15 each, raising gross proceeds of $1,737,832.
Shareholder Contributions
Yandal Investments Pty Ltd contributed $1,000,000 towards the entitlement and shortfall offers, while company directors added an additional $300,000.
Issuance of New Options
The company will issue 11,585,549 new options, each exercisable at $0.25, to eligible shareholders.
Indicated Timetable
Securities under the offer will be issued on 3 February 2025 and quoted on 4 February 2025.
Executive Comments
Technical Director George Merhi stated, “The Company appreciates the support of all its shareholders, including its largest investor Yandal Investments Pty Ltd. The proceeds from this Entitlement Offer will enable the Company to ramp up its efforts at the 100% owned Tin Can Trend and follow up the promising drill intercepts intercepted in 2024. The Company has been actively refining these targets through further geochemical, geophysical and geological programmes and is excited to recommence drilling in the near future as the gold price continues to reach records highs.”
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