Republic Gold Limited (ASX:RAU) today announced that the Company has completed a placement of 146,666,667 shares at a price of 1.5 cents through Patersons Securities Limited ("Patersons"). The placement raised A$2.2M net of expenses. The response to the placement offering was very positive, despite extremely challenging market conditions. Funds from the placement will be used to progress development of the Company's 1.3Moz Amayapampa Gold Project in Bolivia ("Amayapampa"), its Burraga and Far North Queensland exploration projects in Australia and for ongoing working capital.
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