Bardoc Gold will raise up to $11.3 million via a share placement and rights issue, while Ausgold will raise $1.8 million through a share placement, with both companies to put the funds towards their respective flagship projects.
Dreamscape Networks is pleased to announce that it has entered into a Binding Heads of Agreement to acquire 100% of Hong Kong based hosting and domain business PacHosting from privately held Pacifi
Junior gold explorers Spitfire Materials and Excelsior Gold, which own neighbouring projects north of Kalgoorlie, have agreed to a merger, with the new entity worth about $80 million.
SPECIAL REPORT: The median base pay of newly appointed chief executives at listed Perth companies fell this year to $295,000, a survey by Business News has found.
Shares in junior miner Excelsior Gold were pummelled today after the company's new board revealed the full extent of operational issues at its flagship Kalgoorlie North mine.
Five Perth-based junior miners and explorers have announced plans to raise a combined $29.8 million to fund ongoing work at their respective projects, with Excelsior Gold also attracting a new cornerstone investor.
Excelsior Gold says a revised ore treatment agreement with Norton Gold Fields will remove an upfront $12.5 million payment for a milling allocation, with the savings to provide flexibility to further develop its Kalgoorlie North gold project.
Perth exploration firm Excelsior Gold has executed a binding term sheet that will provide a guaranteed long-term milling allocation at Norton Gold Fields' Paddington Mill.
