A 12-million-share public offering has raised $24.6 million for Vengold (VEN-T).
Proceeds of the offering, priced at $2.05 per share, will be used partly to acquire new mineral assets.
The Vancouver-based company, which has interests in the Kilometre 88 region of Venezuela and in the Lihir gold project in Papua New Guinea, will be left with cash reserves of just under $40 million.
The transaction is expected to close by March 18.
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