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Dual-listed miner Heritage Gold is planning to raise capital to advance its gold exploration in the Waihi region.
The company said it would conduct extensive airborne and ground surveys of its Waihi North, Waitete and Golden Valley permits, particularly those areas adjoining the Martha and Favona operations of Newmont Gold.
To fund the exploration, Heritage plans to raise A$3.2 million ($3.87 million) by private placement as well as a rights issue to existing shareholders
