March 2 (Reuters) - Ausgold Ltd AUC.AX
* Share purchase plan to raise 1.2 million
* To raise $1.2m via share purchase plan
* Funds will be applied towards ongoing development and exploration drilling programs at katanning gold project
* Intends to raise additional funds through a share purchase plan to be offered to eligible shareholders at $0.03 per share Source text for Eikon: ID:nASX1nZQfY Further company coverage: AUC.AX