Gascoyne raises cash for Dalgaranga build

Junior Gascoyne Resources will raise up to A$55-million through a share placement and share purchase plan (SPP) to develop its Dalgaranga gold project, in Western Australia. The ASX-listed company on Friday announced that it had successfully completed a bookbuild to raise up to A$50-million through a two-tranche share issue, priced at 50c a share.