Citigold Capital Raising Oversubscribed
17 June 2009: Brisbane, Australia - Citigold Corporation Limited (Citigold) (ASX:CTO, NASDAQ Dubai:CTO, FSE:CHP) is pleased to announce that the recent shareholder Share Purchase Plan (Plan) has closed with a record number of applications and amount raised. The funds raised were 180% of the Company's internal budget, raising A$9.5 million from over 2,300 shareholders. This is the Company's most successful Plan to date.Mr Mark Lynch, the Managing Director said: "The Company is extremely pleased with the interest shown by shareholders in the share Plan, and I believe this interest reflects a broad confi dence in Citigold's management and its strategy for the Company's growing Charters Towers gold operations".The Company also accepted a small private placement of A$1,850,000 on the same terms as the Plan for a total of 12,140,625 shares. The overall capital raising was A$11.4 million. This is an excellent result and will allow Citigold to push ahead and grow the business with strength.
To view the offer documents please click HERE or visit our website at www.citigold.com. Individual offer documents will be mailed to eligible shareholders shortly
Kind regards
Mark J Lynch
Managing Director
Citigold Corporation Limited
Citigold is a gold development stage company based in .
Citigold holds various exploration projects in Australia.
Its main asset in production is CHARTERS TOWERS in Australia and its main exploration properties are WARRIOR GOLD MINE and BRILLIANT GOLD REEF in Australia.
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