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Scotgold raises funds but shares fall 13%

SCOTGOLD has raised nearly £800,000 to aid its quest for gold and silver in the Trossachs, but at the expense of another fall in its share price.

The company, which has permission to mine at Cononish, near Tyndrum, in the Loch Lomond and the Trossachs National Park, placed 15.3 mil-lion shares at 3.1p each and negotiated a loan extension.

In response, its share price fell 0.5p or 12.9% to close at 3.375p, a fresh 52-week low.

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