News: DEG De Grey Mining Announces Underwritten A$600M Equity Raising

May 8 (Reuters) - De Grey Mining Ltd (DEG) :

• UNDERWRITTEN A$600M EQUITY RAISING
• EQUITY RAISING COMPRISES INSTITUTIONAL PLACEMENT OF ABOUT A$344 MILLION
• EQUITY RAISING AT ISSUE PRICE OF A$1.10 PER NEW SHARE
• EQUITY RAISING COMPRISING 1 FOR 7.95 PRO-RATA ACCELERATED NON-RENOUNCEABLE ENTITLEMENT OFFER TO RAISE A$256M
• EQUITY RAISING PROCEEDS EXPECTED TO FULLY FUND EQUITY COMPONENT OF HEMI GOLD PROJECT FINANCING
• EQUITY RAISING WILL RESULT IN ISSUE OF 545.5 MILLION NEW ORDINARY FULLY PAID SHARES
• UNDERWRITTEN A$600M EQUITY RAISING (FIXES TYPO)

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