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Exploration|Flow|Gold|Mining|PROJECT|Flow
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Bellevue SPP fails to draw crowds

28th August 2024

By: Creamer Media Reporter

     

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Gold company Bellevue on Wednesday announced the closure of its share purchase plan (SPP), which fell significantly short of the miner’s target of A$25-million.

The mining company managed to raise A$837 364 from the SPP.

The company recently raised A$150-million in a discounted share placement.

The funds raised will be used to repay debt, unlocking project-free cash flow to allow Bellevue to self-fund expansion in line with its updated five-year growth plan, and to support accelerated exploration and growth.

The company successfully delivered the Bellevue gold project from discovery to production in under six years, with commercial production achieved in May.

Edited by Creamer Media Reporter

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