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Peregrine Gold Ltd (ASX:PGD)

ALERT: Price-sensitive ASX Announcement for PGD
Current share price for PGD : $0.098 -0.177 (-64.36%)+
Announcement
Release
4 Sep 2025 9:29AM
Price at Release
$0.275
Full Release
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Summary
Peregrine Gold Ltd (ASX: PGD) announced a successful $3.0 million placement to accelerate exploration activities at its Newman Gold & Iron Ore Project and Mallina Gold Project in north-west Western Australia. The placement was supported by major shareholder Yandal Investments Pty Ltd and Lion Selection Group. The funds strengthen Peregrine’s financial position, endorsing its exploration strategy. New shares are issued at a 20% discount to their last traded price, and free options are attached. Settlement and issuance are scheduled for mid-September 2025. Discovery Capital Partners acted as Lead Manager.
Key Points
  • Peregrine Gold Ltd announced a successful $3.0 million placement.
  • Funds raised will accelerate exploration at Newman Gold & Iron Ore Project and Mallina Gold Project.
  • Cornerstone commitments from Yandal Investments Pty Ltd and Lion Selection Group.
  • Placement strengthens Peregrine’s balance sheet and supports aggressive exploration strategy.
  • New Shares issued at $0.22 with options exercisable at $0.33, expiring in three years.
  • Settlement and issuance of shares and options expected on 10 and 11 September 2025 respectively.
  • Discovery Capital Partners acted as Lead Manager, receiving a fee and options for their role.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.