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Gold Road raises A$74 million

Australian junior Gold Road Resources has netted $74 million (US$54 million) in an equity raising to get cracking on the long lead items and front-end engineering design (FEED) work at its proposed 265,000 ounce per annum Gruyere gold project in Western Australia.

Gold Road raises A$74 million Gold Road raises A$74 million Gold Road raises A$74 million Gold Road raises A$74 million Gold Road raises A$74 million

Gold Road plans to open up a new gold district along its Yarmana belt holding

Gold Road will raise $43 million through an institutional placement and another $31 million through a non-renounceable entitlement offer (1 for 10).

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