Austral Gold Announces A$8.456 million Strategic Placement

HIGHLIGHTSFirm commitments received to raise A$8.456 million (before costs) via a single-tranche placement at A$0.18 per share.Placement expected to introduce new Australian sophisticated and institutional investors, enhancing the depth of the Company’s share register.Proceeds will enable Austral to accelerate exploration programs in Chile and Argentina and to expand processing capacity at Casposo and Guanaco.Aitken Mount Capital Partners acted as sole Lead Manager and Book Runner to the Placement.Sydney…
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