Peregrine Gold Raises AU$807,566 Via Shortfall Offer; Shares Fall 6%

MT Newswires Live

04-10

Peregrine Gold (ASX:PGD) said that the company's entitlement offer and shortfall offer were fully subscribed and raised around AU$807,566 in total at an offer price of AU$0.15 apiece for 5.4 million shares, according to a Thursday Australian bourse filing.

The shortfall offer includes one attached option per share subscribed exercisable at AU$0.25 expiring on Dec. 13, 2027, the filing said.

Funds raised will be used to explore the company's gold projects.

Shares of the company fell 6% in recent Thursday trade.

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