Dacian raises A$110m for Mt Morgan development

February 21, 2017

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Gold developer Dacian Gold has launched a A$110-million equity raising, consisting of a A$15.4-million institutional placement and a 1-for-3.1 accelerated non-renounceable entitlement offer to complete the construction of its Mt Morgans project, in Western Australia.

Dacian on Wednesday told shareholders that some eight-million new shares will be placed to raise A$15.4-million, with some 47-million new shares to be issued under the accelerated non-renounceable entitlement offer, to raise a further A$94.4-million.

Category: General