Bellanhouse News & Insights

Black Dragon ASX listing

Black Dragon lists on the ASX

Bellanhouse recently advised Black Dragon Gold Corp (Black Dragon) (ASX/TSXV: BDG) on its listing on the ASX and $6m capital raising.

Black Dragon owns 100% of the Salave gold project in northern Spain, one of the largest undeveloped gold projects in Europe.

Black Dragon raised A$6m from a range of institutional, high net worth and retail investors, following the successful completion of its oversubscribed prospectus offering that placed 30 million CHESS Depository Interests (CDIs) at an issue price of A$0.20 per CDI, with one free-attaching option issued for every two CDIs subscribed for (exercisable at A$0.33 each for a period of 12 months from the date of issue).

Black Dragon is incorporated in British Columbia and its shares have been listed on the TSX Venture Exchange since its initial public offering in February 2008.

Black Dragon Gold’s CEO & Managing Director, Paul Cronin, said of their ASX listing, “This is a milestone day for Black Dragon and another key achievement in our Company’s transformation over the past year as we work towards developing the Salave Gold Project.”

“We have recapitalised the Company, paid off our debts and installed a very experienced and competent board and management team that is highly respected in Spain.

“ASX investors have a strong and proud history of understanding and appreciating gold development stories. We are committed to delivering on our promise of generating shareholder value from Salave, which is a truly fantastic gold asset.”

Read the ASX announcement.

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