Tuesday, 7th September 2004 (2671 views)

United Gold, the gold exploration branch of Australian nickel company Thundelarra, has announced it is hoping to list on the Australian Stock Exchange next month.

The firm hopes to raise between $4 and $6 million from 20-30 million shares.

United Gold has a host of gold properties across Western Australia, with its main prospect in the former Rothsay mine.

It is hoped that funds raised from the move will allow the company to purchase the remaining 30 per cent share of the Rothsay project.

 

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