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DART MINING NL — Capital/Financing Update 2015
Nov 17, 2015
64792_rns_2015-11-17_acd95188-df16-4e59-ac33-dbeb20d89a03.pdf
Capital/Financing Update
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6th Floor 412 Collins Street Melbourne, Victoria 3000 Australia Telephone: +61 (0) 2 6076 2336 Email: [email protected] Web: www.dartmining.com.au ABN 84 119 904 880
18 November 2015
Dart Mining NL raises $200,000 to progress the Joint Venture with Northern Mine Ventures
Dart Mining NL (“Dart Mining” or “the Company”) is pleased to advise that the Company has successfully raised $200,000 (before costs) through a strongly supported placement of 16,666,650 shares at an issue price of 1.2 cent each to professional and sophisticated investors.
This Placement, which was undertaken in accordance to Section 708 of the Corporations Act and Listing Rule 7.1A of the ASX Listing Rules, ensures Dart Mining continues to have sufficient capital to fund its recently announced joint venture agreement with Northern Mine Ventures Pty Limited.
Managing Director James Chirnside commented , “The Company would like to take this opportunity to thank the professional and institutional investors who participated in the placement as well as to acknowledge the ongoing support we to receive from our many shareholders.
The funds raised today will be directed to expenditure under the joint venture with Northern Mine Ventures, including bulk sampling, and a 1,800m exploration drill programme, and further development of the Mountain View Gold project.”
*ENDS***
For further information, shareholders and media please contact: James Chirnside Managing Director