$27m at 0.14c 2:3 options at 21c - Major shareholders Richard Chadwick, Chris Ellis and Dale Elphinstone have provided total commitments of A$18 million. In addition, D.A.CH.S has provided commitments to subscribe for up to approximately A$2.9 million of New Shares as part of the Placement Financing. $5m is offered to shareholders in another SPP.
Proceeds will be used to:• Strengthen the Company’s balance sheet and provide working capital to enable the Company to progress initial ramp-up phase of the project and finalise additional funding solutions as required;• Provide working capital to advance renewable energy initiatives, to secure clean, green energy to meet Dolphin’s power needs;• Funding for technical feasibility study for downstream processing of Dolphin tungsten concentrate; and• Funding to progress advanced exploration initiatives – e.g., Bold Head and Investigator both of which are located proximate to the Dolphin Project
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1 | 483961 | 0.028 |
5 | 420526 | 0.027 |
1 | 500000 | 0.026 |
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Price($) | Vol. | No. |
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0.030 | 216285 | 5 |
0.031 | 55429 | 1 |
0.032 | 200000 | 1 |
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