Prodigy Gold (ASX: $PRX) successful placement announcement

Prodigy Gold NL (ASX: $PRX) has successfully completed a private placement, receiving commitments to issue up to 262,666,172 fully paid ordinary shares at an issue price of $0.003 per share. The placement, aimed at sophisticated, professional, and institutional investors, is set to raise a total of approximately $1.1 million before expenses.

Executive commentary on the successful placement

The proceeds from the placement will be instrumental in funding our exploration activities and bolstering our working capital. We are pleased with the commitments received and look forward to utilizing the raised funds to drive our corporate objectives forward.

Summary of Prodigy Gold's successful placement

Prodigy Gold (ASX: $PRX) has successfully completed a private placement, raising approximately $1.1 million to fund exploration activities, working capital, and issue costs. The placement involved issuing fully paid ordinary shares at a price of $0.003 per share to sophisticated, professional, and institutional investors. The company also intends to issue additional shares to specific entities, subject to shareholder approval. The raised funds will be crucial in advancing the company's exploration endeavors and supporting its operational requirements. Shareholder approval for the additional share issuance will be sought in the coming weeks. Prodigy Gold's successful placement marks a significant step in fortifying its financial position and pursuing its strategic goals.