Bellevue Gold Limited

Canaccord Genuity acts as Sole Lead Manager and Bookrunner to a A$26.5 million equity raise for Bellevue Gold Limited

Canaccord Genuity is pleased to announce that it has executed an equity raising transaction for Bellevue Gold Limited (“Bellevue”) (ASX: BGL), comprising an institutional placement of approximately 88.5 million new shares to raise approximately A$26.5 million (“Placement”). The Placement was undertaken at an offer price of A$0.30 per share.

Canaccord Genuity acted as Sole Lead Manager and Bookrunner to the Transaction. The raising was underpinned by a leading global institutional investor and received strong support from North American and domestic institutional investors, including a number of specialist global gold funds.

Proceeds of the Placement will be used to fund ongoing step out exploration and infill drilling at the Company’s flagship Bellevue Gold Project, potential pre-development activities 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 +3,600km², 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 2.2Moz at 11.3 g/t.

The Transaction represents the fifth equity transaction that Canaccord Genuity has led for Bellevue. The transaction team included Duncan St John, Carl Henschke, Christian Calabrese, Stefan Collins and Jack Sampson. Significant support was provided by our Sales teams in Australia, North America and the UK.