November 2018

Bellevue Gold

Lead Manager (Placement)

Canaccord Genuity acts as Sole Lead Manager and Bookrunner to a AUD$15.5 million capital raise for Bellevue Gold Limited

Canaccord Genuity is pleased to announce the completion of a capital raise of approximately 45.6 million new shares at an offer price of A$0.34 per share, raising gross proceeds of A$15.5 million on behalf of Bellevue Gold Limited (“Bellevue”) (ASX.BGL). Canaccord Genuity acted as Sole Lead Manager and Bookrunner for the transaction, which was heavily oversubscribed by institutional investors in North America, including a number of specialist global gold funds, as well as other existing institutional and sophisticated investors based in Australia and Asia.

The proceeds of the capital raise will be used for ongoing exploration at the Company’s flagship Bellevue Gold Project and for general working capital requirements.

Bellevue is a West Australian gold exploration company with a strategic focus on its Bellevue Gold Project, which is one of Australia’s highest-grade gold discoveries. The Company has significant landholding covering +1,400km2 in a top global mining jurisdiction with mining licenses granted over the historic Bellevue Gold Mine. Bellevue has experienced rapid delineation of high-grade JORC resource estimates and recently announced an increase to its inferred resource base to 1.04m oz at 12.3 g/t.

The Canaccord Genuity corporate finance deal team was led by Duncan St John, Carl Henschke, and Peter Cheetham. Significant support was provided by Nathan Mackay and James Thomson in North America and our Sales team in Australia and Asia.