The Project is near Kalgoorlie in Western Australia.
The Company has received firm commitments to raise $12 million from professional, sophisticated and other institutional investors through a share placement at 10 cents per share.
Participants in the placement will also be issued one free attaching option exercisable at 16 cents each for every 2 shares.
Bardoc will also raise funds though a share purchase plan to eligible shareholders on the same terms in order to raise up to an additional $3 million.
Shares in Bardoc Gold (ASX:BDC) are trading 4.6 per cent lower at 10 cents.