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DART MINING NL — Capital/Financing Update 2010
Jun 24, 2010
64792_rns_2010-06-24_ac045452-f5b8-40c4-8d3f-b469c3c9538a.pdf
Capital/Financing Update
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ASX RELEASE 25 JUNE 2010
ASX CODE DTM
CAPITAL RAISING
Dart Mining NL (“Dart” or “the Company”) is pleased to announce a successful share placement to fund ongoing drilling at the Unicorn molybdenum – copper porphyry project near Corryong in NE Victoria. The issue of 11.56 million ordinary shares at $0.10 per share will raise $1.15 million before expenses.
Intersuisse and its associated corporation, Phillip Capital, managed the placement to sophisticated and professional investors under the Company’s 15% new issue capacity available under the ASX Listing Rules and the directors of Dart are encouraged by the strong level of interest received from investors for the offer which is oversubscribed.
The raising will be made pursuant to section 708 of the Corporations Act 2001.
In accordance with Listing Rule 3.10.3, the Company provides the following details of the placement shares:
Class of Securities: Fully Paid Ordinary Shares
Number to be issued: 11,565,000
Principal Terms of the Securities: The shares will carry standard rights applicable to quoted ordinary shares in the Company and will, from the date of issue, rank equally with fully paid quoted ordinary shares currently on issue.
Purpose of the Issue: Issued to raise funds for exploration drilling and working capital purposes.
Yours sincerely,
Chris Bain Chairman and Acting Chief Executive Officer
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Level 3, 15 Queen Street Melbourne, Victoria, 3000, Australia
TELEPHONE +61 3 9621 1322 FACSIMILE +61 3 9621 1544 EMAIL [email protected] WEB www.dartmining.com.au ACN 119 904 880