Citigold Corporation Limited (ASX: CTO) today announced the successful completion of its A$4.5 million placement and the full and final settlement of a secured loan facility. This important financial milestone, announced on 20 August 2026, follows the company’s initial disclosure on 11 August 2026 regarding the placement arrangement with DEP Nominees Pty Ltd ATF Carmen Trust (“DEP”). Citigold Corporation Limited is an Australian gold exploration and development company primarily focused on developing its substantial gold deposits located in Charters Towers, Queensland.
The A$4.5 million placement, subscribed by DEP Nominees Pty Ltd ATF Carmen Trust, has now been fully executed. A significant portion of this capital, specifically A$2.0 million, was directly applied towards the complete and final settlement of the existing secured loan facility held by DEP. This action successfully extinguishes the prior debt obligation, providing a clear financial position for Citigold Corporation.
Subsequent to the application of funds for the loan settlement, Citigold Corporation Limited has received the remaining balance of the placement, which totals A$2.5 million. The company expects that all associated security interests previously held by DEP will now be released and formally discharged. This process is anticipated to proceed in accordance with established settlement protocols, marking a key step in optimising Citigold’s financial structure and liquidity. The completion of both the placement and the loan settlement represents a material update for the company’s financial standing.
