Lithium
45.57
0.6%
Gold
2,687.60
0.58%
Copper
4.10
(0.28%)
Oil
70.37
0.27%
Bitcoin
98,771.60
0.32%
FTSE 100
8,149.30
0.79%
Nikkei 225
38,358.13
0.55%
Dow Jones
43,870.35
0.76%
Iron Ore
100.65
(1.33%)
USD/AUD
0.65
(0.01%)
Hang Seng
19,419.34
(0.99%)
Lithium
45.57
0.6%
Gold
2,687.60
0.58%
Copper
4.10
(0.28%)
Oil
70.37
0.27%
Bitcoin
98,771.60
0.32%
FTSE 100
8,149.30
0.79%
Nikkei 225
38,358.13
0.55%
Dow Jones
43,870.35
0.76%
Iron Ore
100.65
(1.33%)
USD/AUD
0.65
(0.01%)
Hang Seng
19,419.34
(0.99%)
Lithium
45.57
0.6%
Gold
2,687.60
0.58%
Copper
4.10
(0.28%)
Oil
70.37
0.27%
Bitcoin
98,771.60
0.32%
FTSE 100
8,149.30
0.79%
Nikkei 225
38,358.13
0.55%
Dow Jones
43,870.35
0.76%
Iron Ore
100.65
(1.33%)
USD/AUD
0.65
(0.01%)
Hang Seng
19,419.34
(0.99%)
Lithium
45.57
0.6%
Gold
2,687.60
0.58%
Copper
4.10
(0.28%)
Oil
70.37
0.27%
Bitcoin
98,771.60
0.32%
FTSE 100
8,149.30
0.79%
Nikkei 225
38,358.13
0.55%
Dow Jones
43,870.35
0.76%
Iron Ore
100.65
(1.33%)
USD/AUD
0.65
(0.01%)
Hang Seng
19,419.34
(0.99%)
Lithium
45.57
0.6%
Gold
2,687.60
0.58%
Copper
4.10
(0.28%)
Oil
70.37
0.27%
Bitcoin
98,771.60
0.32%
FTSE 100
8,149.30
0.79%
Nikkei 225
38,358.13
0.55%
Dow Jones
43,870.35
0.76%
Iron Ore
100.65
(1.33%)
USD/AUD
0.65
(0.01%)
Hang Seng
19,419.34
(0.99%)
Lithium
45.57
0.6%
Gold
2,687.60
0.58%
Copper
4.10
(0.28%)
Oil
70.37
0.27%
Bitcoin
98,771.60
0.32%
FTSE 100
8,149.30
0.79%
Nikkei 225
38,358.13
0.55%
Dow Jones
43,870.35
0.76%
Iron Ore
100.65
(1.33%)
USD/AUD
0.65
(0.01%)
Hang Seng
19,419.34
(0.99%)
Lithium
45.57
0.6%
Gold
2,687.60
0.58%
Copper
4.10
(0.28%)
Oil
70.37
0.27%
Bitcoin
98,771.60
0.32%
FTSE 100
8,149.30
0.79%
Nikkei 225
38,358.13
0.55%
Dow Jones
43,870.35
0.76%
Iron Ore
100.65
(1.33%)
USD/AUD
0.65
(0.01%)
Hang Seng
19,419.34
(0.99%)
Lithium
45.57
0.6%
Gold
2,687.60
0.58%
Copper
4.10
(0.28%)
Oil
70.37
0.27%
Bitcoin
98,771.60
0.32%
FTSE 100
8,149.30
0.79%
Nikkei 225
38,358.13
0.55%
Dow Jones
43,870.35
0.76%
Iron Ore
100.65
(1.33%)
USD/AUD
0.65
(0.01%)
Hang Seng
19,419.34
(0.99%)
Lithium
45.57
0.6%
Gold
2,687.60
0.58%
Copper
4.10
(0.28%)
Oil
70.37
0.27%
Bitcoin
98,771.60
0.32%
FTSE 100
8,149.30
0.79%
Nikkei 225
38,358.13
0.55%
Dow Jones
43,870.35
0.76%
Iron Ore
100.65
(1.33%)
USD/AUD
0.65
(0.01%)
Hang Seng
19,419.34
(0.99%)
Lithium
45.57
0.6%
Gold
2,687.60
0.58%
Copper
4.10
(0.28%)
Oil
70.37
0.27%
Bitcoin
98,771.60
0.32%
FTSE 100
8,149.30
0.79%
Nikkei 225
38,358.13
0.55%
Dow Jones
43,870.35
0.76%
Iron Ore
100.65
(1.33%)
USD/AUD
0.65
(0.01%)
Hang Seng
19,419.34
(0.99%)
Lithium
45.57
0.6%
Gold
2,687.60
0.58%
Copper
4.10
(0.28%)
Oil
70.37
0.27%
Bitcoin
98,771.60
0.32%
FTSE 100
8,149.30
0.79%
Nikkei 225
38,358.13
0.55%
Dow Jones
43,870.35
0.76%
Iron Ore
100.65
(1.33%)
USD/AUD
0.65
(0.01%)
Hang Seng
19,419.34
(0.99%)
Lithium
45.57
0.6%
Gold
2,687.60
0.58%
Copper
4.10
(0.28%)
Oil
70.37
0.27%
Bitcoin
98,771.60
0.32%
FTSE 100
8,149.30
0.79%
Nikkei 225
38,358.13
0.55%
Dow Jones
43,870.35
0.76%
Iron Ore
100.65
(1.33%)
USD/AUD
0.65
(0.01%)
Hang Seng
19,419.34
(0.99%)
Lithium
45.57
0.6%
Gold
2,687.60
0.58%
Copper
4.10
(0.28%)
Oil
70.37
0.27%
Bitcoin
98,771.60
0.32%
FTSE 100
8,149.30
0.79%
Nikkei 225
38,358.13
0.55%
Dow Jones
43,870.35
0.76%
Iron Ore
100.65
(1.33%)
USD/AUD
0.65
(0.01%)
Hang Seng
19,419.34
(0.99%)
Lithium
45.57
0.6%
Gold
2,687.60
0.58%
Copper
4.10
(0.28%)
Oil
70.37
0.27%
Bitcoin
98,771.60
0.32%
FTSE 100
8,149.30
0.79%
Nikkei 225
38,358.13
0.55%
Dow Jones
43,870.35
0.76%
Iron Ore
100.65
(1.33%)
USD/AUD
0.65
(0.01%)
Hang Seng
19,419.34
(0.99%)
Lithium
45.57
0.6%
Gold
2,687.60
0.58%
Copper
4.10
(0.28%)
Oil
70.37
0.27%
Bitcoin
98,771.60
0.32%
FTSE 100
8,149.30
0.79%
Nikkei 225
38,358.13
0.55%
Dow Jones
43,870.35
0.76%
Iron Ore
100.65
(1.33%)
USD/AUD
0.65
(0.01%)
Hang Seng
19,419.34
(0.99%)
Lithium
45.57
0.6%
Gold
2,687.60
0.58%
Copper
4.10
(0.28%)
Oil
70.37
0.27%
Bitcoin
98,771.60
0.32%
FTSE 100
8,149.30
0.79%
Nikkei 225
38,358.13
0.55%
Dow Jones
43,870.35
0.76%
Iron Ore
100.65
(1.33%)
USD/AUD
0.65
(0.01%)
Hang Seng
19,419.34
(0.99%)
Lithium
45.57
0.6%
Gold
2,687.60
0.58%
Copper
4.10
(0.28%)
Oil
70.37
0.27%
Bitcoin
98,771.60
0.32%
FTSE 100
8,149.30
0.79%
Nikkei 225
38,358.13
0.55%
Dow Jones
43,870.35
0.76%
Iron Ore
100.65
(1.33%)
USD/AUD
0.65
(0.01%)
Hang Seng
19,419.34
(0.99%)
Lithium
45.57
0.6%
Gold
2,687.60
0.58%
Copper
4.10
(0.28%)
Oil
70.37
0.27%
Bitcoin
98,771.60
0.32%
FTSE 100
8,149.30
0.79%
Nikkei 225
38,358.13
0.55%
Dow Jones
43,870.35
0.76%
Iron Ore
100.65
(1.33%)
USD/AUD
0.65
(0.01%)
Hang Seng
19,419.34
(0.99%)
Lithium
45.57
0.6%
Gold
2,687.60
0.58%
Copper
4.10
(0.28%)
Oil
70.37
0.27%
Bitcoin
98,771.60
0.32%
FTSE 100
8,149.30
0.79%
Nikkei 225
38,358.13
0.55%
Dow Jones
43,870.35
0.76%
Iron Ore
100.65
(1.33%)
USD/AUD
0.65
(0.01%)
Hang Seng
19,419.34
(0.99%)
Lithium
45.57
0.6%
Gold
2,687.60
0.58%
Copper
4.10
(0.28%)
Oil
70.37
0.27%
Bitcoin
98,771.60
0.32%
FTSE 100
8,149.30
0.79%
Nikkei 225
38,358.13
0.55%
Dow Jones
43,870.35
0.76%
Iron Ore
100.65
(1.33%)
USD/AUD
0.65
(0.01%)
Hang Seng
19,419.34
(0.99%)

Austral Gold (ASX: $AGD) completes non-brokered private placement

Austral Gold Limited announces completion of private placement financing


Austral Gold Limited (ASX: $AGD) has successfully completed the first tranche of its non-brokered private placement financing, issuing 919,158 non-transferable unsecured convertible notes for gross proceeds of US$590,503 (approximately AUD$919). The private placement was part of a Convertible Note Offering of up to US$1 million or approximately AUD$1.6 million, with the second tranche due within 30 days of this announcement. The notes, purchased by one arm's length accredited and sophisticated investor, bear a 9% per annum interest rate and mature on the second anniversary of the date they are issued. The gross proceeds raised are expected to be used for working capital.

Executive Commentary


The completion of the first tranche of the non-brokered private placement financing marks a significant milestone for Austral Gold. We are pleased to have issued 919,158 non-transferable unsecured convertible notes, and we look forward to the potential benefits this financing will bring to the company's working capital. This strategic move aligns with our ongoing efforts to strengthen our financial position and support the advancement of our attractive portfolio of producing and exploration assets in the Americas.

Summary


Austral Gold Limited (ASX: $AGD) has successfully completed the first tranche of its non-brokered private placement financing, generating gross proceeds of US$590,503. The company plans to use the funds for working capital, supporting its growth strategy and the advancement of its portfolio of producing and exploration assets in the Americas. The completion of this financing reflects Austral Gold's commitment to fortifying its financial position and underscores its dedication to executing its corporate strategy. With the second tranche due within 30 days, Austral Gold remains focused on leveraging this capital to drive its ambitions and goals forward.

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