Chalice Gold Mines today announced that it has agreed to subscribe to a share placement of 40 million shares in ASX listed Ausgold Limited at an issue price of A$0.025 per share for a total of A$1.0 million. The funds will predominantly be used to advance Ausgold's flagship Katanning Gold Project in Western Australia. In addition to the Placement, Chalice has agreed to sell its Dumbleyung Project, which is located
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