Scotgold Resources Ltd has raised a total £3 million from the now closed retail offer and earlier placing and subscriptions.
The company will issue 1,178,460 ordinary shares at a price of 40 pence per retail offer share, as well as 4,815,000 placing shares and 1,435,000 subscription shares for a total 7,428,460 new ordinary shares.
On admission, the total number of ordinary shares in the capital of Scotgold in issue will be 67,101,751, each with voting rights.
The company holds no ordinary shares held in treasury.