AI assistant
DART MINING NL — Capital/Financing Update 2022
May 11, 2022
64792_rns_2022-05-11_4324cea5-a807-4c0d-8c83-43f67fd92242.pdf
Capital/Financing Update
Open in viewerOpens in your device viewer
==> picture [596 x 132] intentionally omitted <==
12 May 2022 ___________ ASX ANNOUNCEMENT
Private Placement
Dart Mining NL ( ASX: DTM ) (“Dart” or “ the Company ”) is pleased to announce the private placement to Mr Jim Mellon of 10,769,230 fully paid ordinary shares at an issue price of $0.065 per share raising $700,000. The issue price is at a 10% discount to the 15 day volume-weighted average price.
In addition, the Company will issue 3,589,743 options, being one free option for every three shares issued. The unlisted options will have an exercise price of 13 cents and expire two years from the issue date.
The placement is issued under existing capacity with 10,769,230 shares to be issued under rule 7.1A and 3,589,743 options to be issued under rule 7.1. A broker was not engaged for this placement and funds will be used for working capital.
Mr Mellon is an unrelated party of the Company and the board wishes to thank him for his support.
Yours faithfully
==> picture [89 x 28] intentionally omitted <==
Julie Edwards Company Secretary
Approved by the board of Directors .
For more information contact:
James Chirnside Managing Director Dart Mining NL [email protected] +61 447 447 613
Peter Taylor Investor Relations NWR Communications [email protected] +61 412 036 231
Webpage: www.dartmining.com.au LinkedIn: Dart Mining NL Twitter: @DartMining
Contact: James Chirnside Email:[email protected] Mobile: +61 447 447 613
Dart Mining NL ABN: 84 119 904 880 Level 6, 412 Collins Street Melbourne VIC 3000