Dec 14, 2017. Sprott Capital Introductory US Roadshow -...

Dec 14, 2017. Sprott Capital Introductory US Roadshow - InvestorPresentation

De Grey Mining Limited (“De Grey”) is pleased to release its Updated Investor Presentation titled “1.2Moz Structural Resources and Growing! Conglomerate Gold Upside”. De Grey’s Executive Chairman, Mr Simon Lill and Technical Director Mr Andy Beckwith, accompanied by Sprott Capital, are making investor presentations in both Toronto and New York this week.

May 22, 2018. De Grey concludes $6.0M capital raising to accelerate exploration programs

Highlights

DGO Gold Limited (“DGO”) subscribes to 25M shares in De Grey at a price of $0.20 per share to raise $5.0M.

Capital raising further supported by up to $1M in drilling equity with drilling partner, Top Drill Pty Ltd (“Top Drill”).


Quite the surprise when DGO came on board just 4 months after Eric Sprott arranged a roadshow in Canada and the U.S. Kirkland Lake had the right to maintain its percentage ownership in the DGO deal but choose not to. Why Kirkland Lake didn't is unknown but perhaps its 33 million 20 cents oppies allowed it to bide its time and see if De Grey came up with something big or fell flat on its face. At the time, Novo's conglomerate story was in the toilet with 2 gpt bulk samples reported at Comet Wells and the efforts to raise funds with the help of Sprott Capital Partners obviously didn't work.

Kirkland Lake still has the option to participate in any CR and Simon has stated that De Grey has good relations with Kirkland Lake and implies De Grey has a fall back position with Kirkland. If the CR is for anything around the current SP, it will have to be put to a share holder vote. That takes time. At least 30 days so the window for announcing a CR is probably from 4 to 6 weeks. Simon probably already knows what the cost per share of a CR on the open market is and would need to move on that type of financing now to get the money by July. Even if De Grey get's an extension on the July due date it will still need a CR to continue exploration but would not have to go to the shareholders if less than 10% of the shares. Big decisions in the next month.