trending Market Intelligence /marketintelligence/en/news-insights/trending/tgmMe6XPq1Olv9OiHgzbww2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Austral Gold raising up to A$5.6M for exploration, working capital needs

Mining Exploration Insights December

Mining Exploration Insights: Dip in gold drilling weighs on results

Mining Exploration Insights: Is the exploration sector back on recovery?

State of the Market: Mining Q2-2019

Austral Gold raising up to A$5.6M for exploration, working capital needs

Austral Gold Ltd. intends to raise gross proceeds of up to A$5.6 million via a pro rata rights offering of common shares.

The company said Aug. 15 that it will use the funds for brownfield exploration programs at its projects and for working capital needs in Argentina and Chile.

Eligible shareholders will be able to purchase 1 share for every 7 shares held at 8 Australian cents per share and 1 option for every 1.5 shares subscribed.

Each option will be exercisable for 1 additional share for 9.2 cents apiece within two years. Potential proceeds from the exercise could amount up to an additional A$4.3 million.

The offer will open Aug. 23 and close Sept. 13, unless extended by the board.