AI assistant
DGR GLOBAL LIMITED Capital/Financing Update 2006
64771_rns_2006-08-08_5fedf105-2db7-4275-9ad6-7b5efa387974.pdf
Capital/Financing Update
Open in viewerOpens in your device viewer
ASX ANNOUNCEMENT
9 August 2006
Share Purchase Plan - Offer Closed
D'Aguilar Gold Ltd recently announced its intention to raise up to a maximum of \$1.25 million (before issue costs) through a share purchase plan ("Plan"). The Plan was structured to encourage the Company's shareholders to increase their participation in D'Aguilar Gold at an attractive discount to the market price prior to the date of the Plan.
The Plan offered a maximum of 25,000,000 shares at 5.0 cents each to raise a maximum of \$1,250,000. The issue has been underwritten to the extent of 16,000,000 shares at 5.0 cents each guaranteeing a minimum raising of \$800,000.
Proceeds of the Plan are to be expended on contributing to the Company's nickel, molybdenum and gold assets plus meeting the costs of the Plan and working capital.
Eligible shareholders were entitled to take up, at their election, either \$3,000 or \$5,000 worth of new shares.
The Company advises that the Plan closed at 5.00pm on 4 August 2006. The Plan was well supported by shareholders, contributing a total of \$488,000, representing 39.0% of the Plan's maximum raising and 61.0% of the underwritten amount of the Plan. 18.2% of the Company's shareholders have applied for shares under the Plan.
To this extent, the underwriters will contribute \$312,000. Shortfall applications and funds are due to be received by the underwriters of the Plan by 14 August 2006.
It remains the Company's intention to issue the shares under the Plan (16,000,000 shares) on or about 18 August 2006.
On behalf of the Board D P Cornish Company Secretary
For further information, contact:
Mr Nicholas Mather, Managing Director or Mr Duncan Cornish, Company Secretary Telephone +61 7 3303 0680 or at [email protected]
Electronic copies and more information are available on the Company website: www.daquilar.com.au
ASX Code: DGR
Postal Address GPD Box 6261. Brisbane QLD 4001
Shamrock Mine Site Stack Saake Road PO Box 72, Kilkivari QLD 4600
Phone - +61 7 5484 1366 +617 5484 1434