Ausgold raises A$3.9m for Katanning exploration

ASX-listed junior Ausgold will raise A$3.9-million through a share placement and entitlement offer to fund exploration work at its Katanning gold project, in Western Australia. An initial A$1.5-million will be raised through a share placement, priced at 2.5c a share, with about 60.5-million shares issued to professional and sophisticated investors.