PERTH (miningweekly.com) – Australian gold-miner Citigold on Monday reported that it was in the final stages of completing a A$18-million capital raising, to fund the growth of its Charter Towers operations, in Queensland.“At this stage in the development of the project, the directors feel a term loan facility has become attractive to the company,” said MD Mark Lynch.
He added that international investor interest in the company continued to grow, and as such, Citigold was considering the possibility of listing on the Singapore Stock Exchange to give international shareholders additional access to trade in the company’s securities.
“Singapore is a large and long established, sophisticated financial centre catering to, and easily accessible by, the fast growing Asian economies, especially India and China,” Lynch said. Full Story
