Citigold Corporation Finalises A$4.5 Million Placement and Loan Settlement - Sharecafe
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Citigold completed a A$4.5M placement and settled its secured loan with DEP, improving its financial position.Summary
Citigold Corporation Limited (ASX: CTO) announced on 20 August 2026 the successful completion of a A$4.5 million placement and the full settlement of a secured loan facility. The placement was subscribed by DEP Nominees Pty Ltd ATF Carmen Trust, with A$2.0 million used to extinguish the existing secured loan and the remaining A$2.5 million retained by Citigold. This transaction clears the prior debt, releases associated security interests, and strengthens the company’s liquidity and financial structure. Citigold is an Australian gold exploration and development firm focused on its substantial deposits in Charters Towers, Queensland.
(Source：Share Cafe)