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DGR GLOBAL LIMITED — Capital/Financing Update 2009
Jul 14, 2009
64771_rns_2009-07-14_0be07218-e9f4-49fa-82fa-d47b7ed45a19.pdf
Capital/Financing Update
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ASX Announcement
15 July 2009
Seed Placement completed in Central Minerals
The Directors of D’Aguilar Gold Limited (ASX Code: DGR) are pleased to advise the successful placing of 2 million shares to sophisticated seed investors in D’Aguilar subsidiary Central Minerals Pty Ltd.
The shares, representing 8% of the issued capital of Central Minerals, were placed at 20 cents each. The $400,000 raised will be applied to working capital to effect listing the company’s equity on a recognised stock exchange.
D’Aguilar also recently settled part consideration for the redemption of the Anduramba Converting Note with Indium Investments Pty Ltd (refer ASX release 9 April) as 3.25 million shares at 20 cents each in Central Minerals. Following the completion of the seed raising, the shareholders of Central Minerals Pty Ltd are:
| D’Aguilar Gold Limited | 19,750,000 | 79% |
|---|---|---|
| Indium Investments Pty Ltd | 3,250,000 | 13% |
| Seed Investors | 2,000,000 | 8% |
| Total | 25,000,000 | 100% |
Central Minerals’ parent, D’Aguilar Gold holds an intercompany loan to Central of approximately $1.84 million at 30 June as a result of previous exploration expenses funded by D’Aguilar, including drilling at the Crunchie, Kauffmans, Homestead and Porcupine Pie prospects in central Queensland. It is intended this debt be settled when Central completes an IPO or its equity becoming listed on a recognised stock exchange.
On behalf of the Board K M Schlobohm Company Secretary
For further information contact:
Mr Nicholas Mather Managing Director Ph: 07 3303 0680 or 0417 880 448 Email: [email protected]
Electronic copies and more information are available on the Company website: www.daguilar.com.au
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