Australia's Pacgold falls in ASX debut
08/07/2021 04:43
** Shares of gold explorer Pacgold Ltd PGO.AX fall 6% to
A$0.235 from their listing price in market debut
** IPO price of A$0.25 values Pacgold at A$6 mln ($4.48 mln)
urn:newsml:reuters.com:*:nASXF6f9N
** Co says it will use funds raised from the IPO to progress
an exploration and drilling programme at the Alice River Gold
Project in North Queensland
** The project comprises a portfolio of eight mining leases
and five exploration permits, which include new high-grade gold
targets along a 30 km corridor
($1 = 1.3407 Australian dollars)
(Reporting by Riya Sharma in Bengaluru)
((Riya.Sharma@thomsonreuters.com;))