Black Dragon Gold's strategic fundraising success

Black Dragon Gold (ASX:BDG) has completed a private placement of 28,481,720 CDIs to Spanish investors, raising approximately AUD 712,000. The funds are intended to support the Salave Gold Permitting Programme in Northern Spain.

Advancing the Salave Gold Project

The private placement of CDIs by Black Dragon Gold has raised AUD 712,000, with funds earmarked for the Salave Gold Permitting Programme in Spain. This strategic move targets high net worth Spanish investors, reflecting a focus on strengthening local stakeholder engagement and advancing project capabilities. The placement pricing strategy, offering a discount to both the monthly and 5-day VWAP, demonstrates an attractive proposition for investors. The company utilized its ASX 7.1A and 7.1 capacities, ensuring regulatory compliance. Black Dragon Gold owns 100% of the Salave Gold Project, which is significant for its undeveloped gold resources in Europe. The project has extensive measured, indicated, and inferred resources, positioning it as a leading asset in the company's portfolio. This financial and operational strategy underscores Black Dragon Gold's commitment to enhancing its exploration and project development initiatives.

Executive insights on new investment

The completion of this placement underlines Black Dragon's commitment to advancing the Salave Gold Project, its flagship asset.