DCN 0.00% 28.5¢ dacian gold limited

Future, page-138

  1. max
    31 Posts.

    From AFR:
    Gold miner Dacian Gold is seeking early support for an equity raising that could see it raise about $40 million.It is understood Dacian Gold and its stockbroker Canaccord Genuity started lining up potential cornerstone backers on Tuesday afternoon, ahead of the offer launching more widely.Dacian Gold is back in front of investors seeking fresh funds. Louie DouvisDacian Gold is expected to seek to raise $40 million.The stock closed at 30¢ a share on Tuesday, having started the day at 32¢.The mooted raising comes only days after Dacian Gold released drilling results at Mt Marven, which is located at its 100 per cent owned Mt Morgans Gold Operation in Western Australia.It also comes about 12 months after Dacian Gold last tapped shareholders for fresh funds. On that occasion, Dacian Gold raised $98 million in a placement and non-renounceable rights issue via Macquarie Capital and Canaccord, with funds used to repay debt.FR
 
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