Adelong Gold Limited (ASX:ADG) Completes Capital Raise and Acquires Apollo Gold Project
Capital Raises
Adelong Gold Limited (ASX: ADG) successfully completed a capital raise of $1.173 million by issuing 279,497,240 shares at $0.0042 per share. Subject to shareholder approval, the company also secured binding commitments to raise an additional $400,000 through the issuance of up to 95,238,095 shares and accompanying free-attaching options.
Project Acquisition
ADG has executed a binding purchase agreement to acquire a 100% interest in Exploration Licence 006430, now renamed the Apollo Gold Project, located in Victoria, Australia. This acquisition enhances ADG’s project portfolio with exceptional high-grade drill results indicating potential bulk tonnage gold mineralisation.
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