Bardoc’s raising well supported

ASX-listed Bardoc Gold has completed a A$12-million capital raise through a rights issue and share placement, well above the targeted A$11.3-million.

The company placed some 175-million shares, at a price of 4c each, to raise an initial A$7-million, and undertook a one-for-ten non-renounceable pro-rata entitlement offer to raise the remaining funds.