News blog

Bullabulling Gold

• BY: Andrew Hore |
• POSTED: 18/04/2013 |

The fall in the gold price came at a bad time for Bullabulling Gold and barely more than one-quarter of the shares in its open offer.

The gold miner raised $2m thanks to some excess applications. A one-for-two entitlement offer at 5 cents (3.5p) a share was announced last month in order to raise up to $7.6m.

The share price fell 0.62p to 2.75p after the latest announcement, which values Bullabulling at £9.4m.

The cash will be used to finance the definitive feasibility study for the Bullabulling gold project. A revised economic assessment will be announced in the middle of the year.

Download the latest AIM Journal from http://www.hubinvest.com/AIMPDFApril2013_43.pdf