Bellevue Gold

Canaccord Genuity acts as Sole Lead Manager and Bookrunner to a A$20 million capital raise for Bellevue Gold Limited

Canaccord Genuity is pleased to announce that it has undertaken a capital raise of approximately 37 million new shares at an offer price of A$0.55 per share, raising gross proceeds of A$20 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 and received strong support from institutional and sophisticated investors based in Australia, as well as continued support from North American institutional investors, including a number of specialist global gold funds.

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 a significant landholding covering +1,400km2, 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 1.53m oz at 11.8 g/t.

The transaction team comprised Duncan St John, Carl Henschke, Peter Cheetham and Stefan Collins. Significant support was provided by our Sales teams in Australia, Asia and North America.