Allied cashed up for Tabar Islands exploration

PERTH-based Allied Gold has raised a tidy $13 million via a placement to be used for the purchase of drill rigs and to fast-track exploration on its Tabar Islands gold project, offshore PNG.

Allied cashed up for Tabar Islands exploration 
Allied cashed up for Tabar Islands exploration 
Allied cashed up for Tabar Islands exploration 
Allied cashed up for Tabar Islands exploration 
Allied cashed up for Tabar Islands exploration

In an announcement today, Allied said the placement of 40.8 million shares at 32c per share was made to institutional clients of UK-based Mirabaud Securities.

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