Ann: Ausgold raises 11.25M to advance the Katanning Gold Project, page-3

The Dundee confidence is clear to see. Almost 10% in AUC now and look to be a long term hold on this company which is always a good thing. Management clearly wanted to reward their loyalty and confidence and I am ok with that. We now have significant funds to rip into our work program. Hopefully the next capital raising will involve us shareholders but IMO it is around a year away at least. These funds should last a while if put to good use.
The share price stabilised by the end of the trading day after an uncertain start to trading. Hopefully now this is out of the way we can build on the momentum we had prior to the news.