30 Mar 2010

OceanaGold capital raising nearing completion

11:51 pm on 30 March 2010

OceanaGold, the owner of the Macraes and Reefton gold mines, says its $CAN86 million capital raising is nearly complete, after shareholders approved the plan earlier this week.

The money raised will be used to fund a move into selling gold on the spot market, as well to fund its production operations.