Citigold raises A$4.5M placement, settles secured loan
What's the deal? Citigold CorporationDealroom has a profile for this one. Try Dealroom → (ASX: CTO) has completed a A$4.5 million placement (approximately US$3.2 million) with DEP Nominees Pty Ltd ATF Carmen Trust. The post-IPO equity raise was announced in August 2026.
Where's the money going? A$2 million settled the secured loan facility held by DEP in full. Citigold received the remaining A$2.5 million as cash.
What's next? The company expects the security interests held by DEP to be released and discharged under the settlement process.
The signal: The placement combines balance-sheet cleanup with fresh capital, retiring debt while adding cash to the business.
Read more: Listcorp
Image credit: denisbin
