Sydney, Australia – Austral Gold Limited (ASX: AGD) (TSXV: AGLD) (OTCQB: AGLDF) is excited to announce the successful completion of its previously disclosed private placement, which has raised A$8.456 million before costs. This capital was raised through the issuance of 46,977,778 new fully paid ordinary shares (the 'New Shares') at a price of A$0.18 per share.
With the receipt of regulatory approval from TSXV, all committed funds have been secured and the New Shares have been issued under the Company's existing placement capacity, complying with ASX Listing Rule 7.1A.
Aitken Mount Capital Partners served as the sole Lead Manager and Book Runner for this transaction.
Eduardo Elsztain, Chair of Austral Gold, remarked, 'We are very pleased to complete this Placement and welcome a number of new institutional and sophisticated investors to our company. The strong support for the Placement is a vote of confidence in our strategy to strengthen operations at Casposo in Argentina and Guanaco in Chile, while advancing our exploration portfolio.'
The proceeds from the Placement are intended to be utilized to enhance operations, including the acceleration of exploration programs at Guanaco, Casposo, Manantiales, and Juncal. Additionally, the funds will support planned capital expenditures, such as expanding milling capacity at Casposo and the construction of a classification plant.
Austral Gold is on a growth trajectory in the gold and silver mining sector, focusing on production, exploration, and equity investments. The Company is building a portfolio of quality assets based in the Americas. Under its equity investments pillar, Austral holds shares in ASX-listed Unico Silver, as detailed in the December 2025 Quarterly Report.
Investors seeking more information can visit Austral Gold's website or explore detailed insights on Inside Ticker.
Forward-looking statements in this news release include projections regarding future plans, expectations, and developments. Words such as 'expects', 'intends', and 'believes' identify these statements. However, actual results may differ due to various risks and uncertainties.