🕐25.05.10 - 03:27 Uhr

Republic Gold [ASX: RAU] - $2.2M placement successfully completed



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Republic Gold [ASX: RAU] - $2.2M placement successfully completed

Republic Gold Limited (ASX: RAU) has completed a placement of 146,666,667 shares at a price of 1.5 cents through Patersons Securities Limited.

The placement raised $2.2M net of expenses.



Key Points:

� Placement of 146,666,667 shares at 1.5 cents to raise approximately $2.2M net of expenses
� Funding to progress the development of the 1.3Moz Amayapampa Gold Project in Bolivia, exploration in Australia and working capital
� BFS for Amayapampa nearing completion

The response to the placement offering was very positive, despite extremely challenging market conditions.

Funds from the placement will be used to progress development of the Company�s 1.3Moz Amayapampa Gold Project in Bolivia, its Burraga and Far North Queensland exploration projects in Australia and for ongoing working capital.

Republic�s Managing Director; John Kelly, said: �We are encouraged by the positive response for the Company�s capital raising activities despite the recent difficult market conditions.

The funding will allow us to continue our development and financing activities for the Amayapampa Project in Bolivia, and continue exploration activity over our Australia project portfolio.�

�The capital raised will be directed as a priority towards further developing the Company�s Amayapampa Gold Project where the Bankable Feasibility Study is nearing completion.�

Please find details in the attached announcement.

For more information, please contact:

John Kelly on 0418 577 759
or Ros Shand on 0407 413 666


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