Perth -
Taruga Gold Ltd. (ASX:TAR) ("Taruga" or the "Company") confirms 8,885,885 new fully paid shares have been issued under the Shortfall Placement of $0.03 per new share (Shortfall Shares), following the Company's two (2) for three (3) non-renounceable rights issue (Rights Issue) announced to the market on 7 June 2016. Total applications for 8,885,885 New Shares raising gross proceeds of $ 266,577 before fees was received.
The new shares were allotted on 7 July 2016, and will be quoted on the ASX on or about 11 July 2016.
The total number of Ordinary Shares on issue following the Rights Issue Shortfall Placement is 70,389,519.
About Taruga Gold Ltd:
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.
T: +61-8-9486-4036
E: admin@tarugagold.com.au
www.tarugagold.com.au
