Tranche 2 Placement Completed
Perth, Oct 7, 2014 AEST (ABN Newswire) - Taruga Gold Limited (
ASX:TAR) (Taruga or the Company) advises that shares issued under Tranche 2 of the Company's recent Placement (Placement) were allotted today, 7 October 2014.
Taruga has today issued 145,000,000 fully paid ordinary shares at $0.005 per share and 46,250,000 unlisted options, raising $725,000. Together with the funds raised under Tranche 1 of the Placement and the share purchase plan, the Company has successfully raised a total of $992,000 pursuant to the capital raising activities announced on 27 August 2014.
The funds raised will be used to accelerate near-term drilling programs at the Company's highly prospective projects in Mali as well as to conduct geochemical sampling within the granted Cote d'Ivoire projects.
Contact
Taruga Gold Limited
Bernard Aylward
T: +61-8-9222-5800
F: +61-8-9222-5810
E: admin@tarugagold.com.au
WWW: www.tarugagold.com.au
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