Gascoyne raises cash for WA gold exploration projects

ASX-listed Gascoyne Resources would raise about A$15-million through a share placement to fund an aggressive exploration programme at its Dalgaranga and Genburgh gold projects, in Western Australia. The junior gold company said on Monday that the share placement would take place in two tranches, with the first tranche consisting of about 33.3-million shares, priced at 33c each. The first tranche would be placed under the company’s existing capacity.