Crescent Gold Limited (TSE:CRA,ASX:CRE) reports a A$45 million capital raising through a non-renounceable rights issue to raise approximately A$45.5 million.

Crescent Gold Limited (TSX:CRA,ASX:CRE) reports a A$45 million capital raising through a non-renounceable rights issue to raise approximately A$45.5 million.

The press release is quoted as saying:

The capital raising closed over subscribed on the 27th January 2011. The capital raising has substantially strengthened the Company’s balance sheet and will provide financial flexibility for the Company to optimally grow its production profile and enhance the value of its asset portfolio.

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