ASX-listed Bardoc Gold is looking to raise A$24-million through a share placement to fund a definitive feasibility study on its Bardoc gold project, Western Australia, and to complete front-end engineering and design (FEED) work while also securing long-lead items ahead of a final investment decision.
Bardoc told shareholders on Wednesday that the company had received firm commitments from institutional and sophisticated investors for a share placement comprising 307.6-million shares, at a price of 7.8c a share.