Skip to main content

AI assistant

Sign in to chat with this filing

The assistant answers questions, extracts KPIs, and summarises risk factors directly from the filing text.

DGR GLOBAL LIMITED Capital/Financing Update 2010

Oct 24, 2010

64771_rns_2010-10-24_945f026b-b0c9-446e-9613-6b412717392d.pdf

Capital/Financing Update

Open in viewer

Opens in your device viewer

==> picture [205 x 63] intentionally omitted <==

ASX Announcement

25 October 2010

Solomon Gold Closes Successful Fundraising

The Directors of D’Aguilar Gold Limited (ASX Code: DGR) are extremely pleased to draw the attention of shareholders to Friday evening’s announcement by Solomon Gold Plc (LSE(AIM) Code: SOLG) regarding the closure of a successful placement of approximately 54 million shares at 28 pence to raise approximately AUD24.2 million.

The successful raising underwrites Solomon Gold’s exploration program for the next 12 months, including drilling on the Company’s 100% owned project on Fauro Island in the Solomons, where management believes it has the potential to host a world class gold deposit with geological similarities to Lihir. Funds will also be used for the expansion of the Company’s previously announced resource from its Queensland projects.

D’Aguilar Gold Limited holds 35.2 million shares in Solomon Gold, which now equates to 12.6% of the expanded issued capital.

The full announcement, together with an overview of Solomon Gold and its projects can be viewed at the company’s website (solomongold.com).

==> picture [133 x 26] intentionally omitted <==

On behalf of the Board K M Schlobohm Company Secretary

Competent Persons Statement

The information herein that relates to Exploration Results is based on information compiled by Nicholas Mather B.Sc (Hons) Geol., who is a Member of The Australian Institute of Mining and Metallurgy. Mr Mather is employed by Samuel Holdings Pty Ltd which provides certain consultancy services including the provision of Mr Mather as the Managing Director of D’Aguilar Gold Ltd (and a director of D’Aguilar Gold Ltd’s subsidiaries).

Mr Mather has more than five years experience which is relevant to the style of mineralisation and type of deposit being reported and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Minerals Resources and Ore Reserves’ (the JORC Code). This public report is issued with the prior written consent of the Competent Person(s) as to the form and context in which it appears.

==> picture [518 x 41] intentionally omitted <==

==> picture [204 x 63] intentionally omitted <==

About D’Aguilar Gold

D’Aguilar Gold Limited is focused on generating exploration and development companies in a wide array of minerals.

Projects are conceived directly through the skills and experience of D’Aguilar’s accomplished team of exploration geoscientists (with an enviable track record), not by the costly purchase of properties. Each project or exploration strategy is held in a separate subsidiary.

Focused and specialist management is then engaged in the subsidiary, with project specific finance raised in the subsidiary – faster and less dilutive to D’Aguilar. As the subsidiary project develops and starts to derisk the subsidiary is separately capitalised (seed raisings followed by an IPO).

Investors can choose to invest specifically in a particular project/commodity, or by investing in D’Aguilar, invest in the resource company generating business which retains a significant carried interest in each project.

D’Aguilar projects tend to be very large, targeting new provinces with the potential to make world‐class discoveries. The exploration concepts are often novel. While increased metal prices and advances in technology can turn former sub‐economic deposits into viable projects, D’Aguilar subsidiary projects frequently emerge from detailed reassessment and reinterpretation of large databases – looking at things from a new angle and with a different focus using state of the art techniques. The D’Aguilar Directors and Managers have in the past applied new exploration models to extensive tenement areas which have led to identification of new mineral provinces and the discovery of nationally significant resources. Similar efforts are now being dedicated to D’Aguilar.

D’Aguilar Gold currently holds 52 million shares (37.9%) in Mt Isa Metals Limited (ASX: MET) embarking on an exciting gold strategy in Burkina Faso, 35.2 million shares (12.6%) in Solomon Gold plc (LSE: SOLG), and 58.5 million shares (53.5%) in AusNiCo Limited (ASX: ANW).

D’Aguilar is progressing the IPO and ASX listing of Navaho Gold Pty Ltd (gold and silver). Further, D’Aguilar has announced the proposed merger of its 86% owned Ridge Exploration (iron ore, titanium and aluminium) with Canadian‐listed Coltstar Ventures Inc.

In the development pipeline, D’Aguilar is also progressing plans for other subsidiaries – Anduramba Molybdenum (molybdenum and copper) and Barlyne Mining (porphyry copper, gold and molybdenum) and its energy‐focused subsidiary Armour Energy . Several other projects are at earlier stages of development, and will be announced to the market when exploration tenements have been secured.

D’Aguilar has 322,002,760 shares on issue.

Email: [email protected]

Electronic copies and more information are available on the Company website: www.daguilar.com.au

For further information contact:

Mr Nicholas Mather Managing Director D’Aguilar Gold Ltd Ph: 07 3303 0680

Karl Schlobohm

Company Secretary, D’Aguilar Gold Ltd Ph: 07 3303 0680

Page 2 of 2