Dark Horse Resources Limited (ASXHR; “DHR”, “Dark Horse” or“Company”) is pleased to announce binding commitments for asuccessful placement of 196 million fully-paid ordinary shares at anissue price of $0.00175 per share, to qualified institutional andsophisticated investors, to raise $343,000 before costs. The LeadManager to the Placement was 180 Markets, one of Australia'snewest deal sharing platforms.
Well that explains the big sell down... institutional investors re-entering at a lower price
At least we have capital to work with but we cannot keep diluting the share register it is maxed out
We need LKO to start trading again which will put us in a very different position.
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