PRECIOUS METALS

Dacian surprises with big equity raise

Dacian Gold is continuing the recent move toward using large slabs of equity rather than debt to fund new project developments, announcing today it would raise $A150 million (US$112 million) from new investors and existing shareholders for its US$165 million Mt Morgans project in Western Australia.

Drill-out in progress at Mt Morgans in Western Australia

Drill-out in progress at Mt Morgans in Western Australia

The raising prices new shares at A$2.75 and comprises a $50 million institutional placement and a $100 million non-renounceable rights issue. Analysts contacted by the Gold and Silver Investor Hub were...

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