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Gold Road Resources looks to large capital raising

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Gold Road Resources (ASX:GOR) will look to raise between $30 million to $40 million through a placement of shares in the next day to fund managers and sophisticated investors.

The company's shares are current in a trading halt pending the raising.

Its Gruyere Deposit at Yamarna, Western Australia has a large mineral resource of 5.51 million ounces of gold grading 1.24g/t Au.

A total of 62% of ounces are within the higher confidence Measured and Indicated JORC 2012 Resource status.

 

 

 

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Quick facts: Gold Road Resources Ltd

Price: 1.355 AUD

ASX:GOR
Market: ASX
Market Cap: $1.19 billion
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