Perth, Australia (ABN Newswire) -
Taruga Gold Ltd. (Taruga or the Company) (ASX:TAR) has today issued 83,064,375 fully paid ordinary shares in the Company (Shares) at an issue price of $0.0045 each, pursuant to tranche 1 of a placement offer (Placement) made to a number of sophisticated and professional investors without disclosure under Part 6D.2 of the Corporations Act.
Funds raised under the Placement will be used to fund further exploration at the Company's highly prospective tenements and for working capital purposes
About Taruga Gold Limited:
Taruga Gold Ltd. (ASX:TAR) is a West African focused gold explorer that has compiled, and is currently compiling, a diverse portfolio of exploration projects within the Birimian geology of West Africa. This region is at present one of the world's great gold districts and has had a significant rate of discovery and development on new gold mines over past decades.
Contact:
Taruga Gold Ltd.
Bernard Aylward
T: +61-8-9222-5800
F: +61-8-9222-5810
E: admin@tarugagold.com.au
www.tarugagold.com.au
