Ann: Phoenix completes Placement, announces Share Purchase Plan, page-8

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pete11

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09/02/15

18:28

Post #: 14724044
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Originally posted by Sharetrader78 ↑

Phoenix Gold Limited (ASX: PXG) (“Phoenix” or the “Company”) is pleased to announce it has successfully completed a Placement of 50 million shares at A$0.10 per share to raise A$5 million (“Placement”). The Placement, which was oversubscribed, received strong support from existing shareholders and enabled a number of new institutional and sophisticated investors to be added to Phoenix’s register......

Great news ...and the additional 1million offered to S/H is fully underwritten !!

So we get the much needed 6million in Capital needed to see PXG progress the projects and continue the very successive exploration projects ...Many Gold explorers would be green in envy and how easy PXG can raise the needed funds while they are hang out to dry MSR CVR two that come to mind at late .... got to be a great plus for investors to have PXG in the heart of the W.A Gold fields

Strong Buy here

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your enthusiasm is indeed very heart warming, but you do see this is going to dilute our holdings don't you?
and even with gold near AUD$1600, we are still stuck at 10c, and your happy?

PXG Price at posting: 9.9¢ Sentiment: Buy Disclosure: Held
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Ann: Phoenix completes Placement, announces Share Purchase Plan, page-8

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