Capital Raising to Advance Balagundi Gold Project

Accelerate Resources Limited (Accelerate or the Company) (ASX: AX8) is pleased to announce that it has received firm commitments from professional and sophisticated investors to raise gross proceeds of A$0.9 million (before costs) via a share placement (Placement or the Offer). The Placement was priced at A$0.005 (“Offer Price”) per new fully paid ordinary share in the Company (“New Share”). Proce