Geopacific completes $40M capital raise for Woodlark

GEOPACIFIC Resources has successfully completed a A$40 million capital raise to start development work at its Woodlark Gold Project on the namesake island in Milne Bay province.

Geopacific completes $40M capital raise for Woodlark Geopacific completes $40M capital raise for Woodlark Geopacific completes $40M capital raise for Woodlark Geopacific completes $40M capital raise for Woodlark Geopacific completes $40M capital raise for Woodlark

Funds will go toward first phase development

The $40 million placement was made to sophisticated and professional investors for 1.6 billion fully paid ordinary shares at 2.5 cents per share.