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Riversgold admitted to ASX

Riversgold Ltd. has been admitted to the ASX and will begin trading Oct. 10, the Australian gold hopeful said Oct. 6.

The company successfully completed an A$8.0 million IPO that was backed by Australia's second-largest gold miner, Evolution Mining Ltd.

Riversgold acquired the Luna-Quicksilver and Kisa claims in southwest Alaska and struck a deal to earn an 80% stake in the Kurnalpi project in the Eastern Goldfields of Western Australia.

The company also entered agreements to fully acquire the Churchill Dam project in South Australia and an entity that has applied for exploration licenses in northeastern Cambodia.