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Big De Grey fundraising underway

De Grey Mining is cashing up and should be set to increase the speed of exploration work at its Hemi gold discovery after bringing in capital markets firms Argonaut and Bell Potter to raise it A$28 million.

Big De Grey fundraising underway Big De Grey fundraising underway Big De Grey fundraising underway Big De Grey fundraising underway Big De Grey fundraising underway

De Grey at Hemi in Western Australia

The pricing of 28c per new share is a multiple of about seven-times what the stock was at when the Hemi discovery was made about four months ago. The stock reached a high of 40c earlier this month.

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