CitiGold raising $18 million to fund growth May 31, 2010

Citigold Corporation Limited (ASX:CTO, FSE:CHP) is in the final stages of completing a $18 million capital raising. This capital raising, through RB Capital group of Singapore and Khandwala Securities of India, will be a combination of debt and equity.

The capital raising will be used to fund growth at Citigold’s Charters Towers gold project in Queensland, including the Warrior mine.

Click here to view the full announcement.

For further information, please contact:

Mark Lynch
Managing Director

Matthew Martin
Company Secretary

Citigold Corporation Limited
Telephone +61 7 3834 0000

Media:
Luke Dean
Fortbridge
Tel: +61 2 9331 0655
Mob: +61 414 535 433
luke.dean@fortbridge.com