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Company News Summary

Dacian Gold Provides Equity Raising Investor Presentation

11 Jul 2018  |  09:25:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Equity Raising Investor Presentation

Dacian Gold provided equity raising investor presentation. The Institutional placement to raise A$37m (Institutional Placement) via the issue of 13.7m new Company's shares (New Shares) (6.7% of existing issued capital), with the ability to take oversubscriptions to raise up to an additional A$3m and an accompanying Share Purchase Plan (SPP) to raise up to A$5m (together, the Equity Raising or the Offer). The Offer is not underwritten. The proceeds from the Equity Raising will be used to fund accelerated exploration programs at Westralia and Cameron Well and extinguishment of the Jupiter mine royalty obligation.

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