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DGR GLOBAL LIMITED — Capital/Financing Update 2010
Jun 24, 2010
64771_rns_2010-06-24_85f5e6f3-2da4-4a1d-9d86-b865faa5f091.pdf
Capital/Financing Update
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ASX ANNOUNCEMENT
25 June 2010
Successful Completion of Capital Raisings
The Directors of D’Aguilar Gold Ltd (“D’Aguilar” or “the Company”) are pleased to confirm the completion of the Company’s capital raising, including its Non‐Renounceable Rights Issue and a Placement to sophisticated investors.
Interest from sophisticated investors in the placement of any potential shortfall under the Rights Issue was so strong that the Directors exercised their discretion to increase the total of the combined raisings from $1.225 million to $1.475 million.
The Directors would like to thank all shareholders for their on‐going support of the Company. All interest in the placement was secured prior to the recent increase in the Company’s share price.
The associated Section 708A Notice and Appendix 3B are attached.
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On behalf of the Board KM Schlobohm Company Secretary
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 (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.
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D’Aguilar Gold currently holds 50 million shares (48%) in Mt Isa Metals Limited (ASX: MET) embarking on an exciting gold strategy in Burkina Faso, and 32.9 million shares (17.05%) in Solomon Gold plc (LSE: SOLG).
D’Aguilar has recently announced plans for the IPO and ASX listing of subsidiaries AusNiCo Limited (nickel and cobalt) and Navaho Gold Pty Ltd (gold and silver).
In the development pipeline, D’Aguilar is also progressing plans for other subsidiaries – Ridge Exploration (iron ore, titanium and aluminium), Anduramba Molybdenum (molybdenum and copper) and Barlyne Mining (porphyry copper, gold and molybdenum). Several other projects are at earlier stages of development, and will be announced to the market when exploration tenements have been secured.
Email: [email protected]
Electronic copies and more information are available on the Company website: www.daguilar.com.au
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ASX ANNOUNCEMENT
25 June 2010
Share Issue ‐ Section 708A Notice
Notice is hereby given by the Company under section 708A(5)(e) of the Corporations Act in relation to the issue of fully paid ordinary shares by the Company to investors, without disclosure under Part 6D.2 of the Corporations Act.
As at the date of this notice, the Company has complied with:
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(a) the relevant provisions of Chapter 2M of the Corporations Act as they apply to the Company and Section 674 of the Corporations Act; and
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(b) it is not aware of any excluded information within the meaning of Sections 708A(7) and 708A(8) of the Corporations Act.
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On behalf of the Board Karl Schlobohm Company Secretary
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Appendix 3B New issue announcement
Rule 2.7, 3.10.3, 3.10.4, 3.10.5
Appendix 3B
New issue announcement, application for quotation of additional securities and agreement
Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.
Introduced 1/7/96. Origin: Appendix 5. Amended 1/7/98, 1/9/99, 1/7/2000, 30/9/2001, 11/3/2002, 1/1/2003.
Name of entity
D'AGUILAR GOLD LIMITED
ABN
67 052 354 837
We (the entity) give ASX the following information.
Part 1 ‐ All issues
You must complete the relevant sections (attach sheets if there is not enough space).
| 1 +Class of +securities issued or to be issued 2 Number of+securities issued or to be issued (if known) or maximum number which may be issued 3 Principal terms of the+securities (eg, if options, exercise price and expiry date; if partly paid +securities, the amount outstanding and due dates for payment; if +convertible securities, the conversion price and dates for conversion) |
Ordinary fully paid shares |
|---|---|
| 42,163,662 | |
| Ordinary fully paid shares. |
- See chapter 19 for defined terms.
1/1/2003
Appendix 3B Page 1
Appendix 3B New issue announcement
| 4 Do the+securities rank equally in all respects from the date of allotment with an existing+class of quoted +securities? If the additional securities do not rank equally, please state: the date from which they do the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment 5 Issue price or consideration 6 Purpose of the issue (If issued as consideration for the acquisition of assets, clearly identify those assets) 7 Dates of entering+securities into uncertificated holdings or despatch of certificates 8 Number and +class of all +securities quoted on ASX (_including_the securities in clause 2 if applicable) |
Yes | Yes |
|---|---|---|
| 3.5 cents per share | ||
| Non‐Renounceable Rights Issue and Placement. | ||
| 25 June 2010 | ||
| Number | +Class | |
| 322,002,738 | Ordinary Shares |
- See chapter 19 for defined terms.
1/1/2003
Appendix 3B Page 2
Appendix 3B New issue announcement
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Number +Class
9 Number and +class of all 3,000,000 Unlisted, periodically vesting
+securities not quoted on ASX Employee Options (9‐15
( including the securities in clause cents, expiry 30/04/11).
2 if applicable)
3,000,000 Unlisted Options (27.5c @
30/6/11)
300,000 Unlisted Options (22.0c @
30/6/11)
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- 10 Dividend policy (in the case of a trust, distribution policy) on the increased capital (interests)
Part 2 ‐ Bonus issue or pro rata issue
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11 Is security holder approval
required?
12 Is the issue renounceable or non‐
renounceable?
13 Ratio in which the [+] securities will
be offered
14 +Class of +securities to which the
offer relates
15 +Record date to determine
entitlements
16 Will holdings on different registers
(or subregisters) be aggregated for
calculating entitlements?
17 Policy for deciding entitlements in
relation to fractions
18 Names of countries in which the
entity has [+] security holders who
will not be sent new issue
documents
Note: Security holders must be told how their
entitlements are to be dealt with.
Cross reference: rule 7.7.
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- See chapter 19 for defined terms.
1/1/2003
Appendix 3B Page 3
Appendix 3B New issue announcement
| 19 Closing date for receipt of acceptances or renunciations 20 Names of any underwriters 21 Amount of any underwriting fee or commission 22 Names of any brokers to the issue 23 Fee or commission payable to the broker to the issue 24 Amount of any handling fee payable to brokers who lodge acceptances or renunciations on behalf of+security holders 25 If the issue is contingent on +security holders’ approval, the date of the meeting 26 Date entitlement and acceptance form and prospectus or Product Disclosure Statement will be sent to persons entitled 27 If the entity has issued options, and the terms entitle option holders to participate on exercise, the date on which notices will be sent to option holders 28 Date rights trading will begin (if applicable) 29 Date rights trading will end (if applicable) 30 How do+security holders sell their entitlements_in full_through a broker? 31 How do+security holders sell_part_ of their entitlements through a broker and accept for the balance? 32 How do+security holders dispose of their entitlements (except by |
|
|---|---|
- See chapter 19 for defined terms.
1/1/2003
Appendix 3B Page 4
Appendix 3B New issue announcement
sale through a broker)?
- 33 +Despatch date
Part 3 ‐ Quotation of securities
You need only complete this section if you are applying for quotation of securities
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34 Type of securities
-
( tick one )
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(a) Securities described in Part 1
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(b)[All other securities]
Example: restricted securities at the end of the escrowed period, partly paid securities that become fully paid, employee incentive share securities when restriction ends, securities issued on expiry or conversion of convertible securities
Entities that have ticked box 34(a)
Additional securities forming a new class of securities
Tick to indicate you are providing the information or documents
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35[If the ][+][securities are ][+][equity securities, the names of the 20 largest holders of the ] additional[+] securities, and the number and percentage of additional[+] securities held by those holders
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36[If the ] +securities setting out the number of holders in the categories[+][securities are ][+][equity securities, a distribution schedule of the additional ] 1 ‐ 1,000
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1,001 ‐ 5,000
5,001 ‐ 10,000 10,001 ‐ 100,000 100,001 and over
- 37[A copy of any trust deed for the additional ][+][securities ]
- See chapter 19 for defined terms.
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Appendix 3B Page 5
Appendix 3B New issue announcement
Entities that have ticked box 34(b)
| 38 Number of securities for which +quotation is sought 39 Class of +securities for which quotation is sought 40 Do the+securities rank equally in all respects from the date of allotment with an existing+class of quoted +securities? If the additional securities do not rank equally, please state: the date from which they do the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment 41 Reason for request for quotation now Example: In the case of restricted securities, end of restriction period (if issued upon conversion of another security, clearly identify that other security) 42 Number and+class of all+securities quoted on ASX (_including_the securities in clause 38) |
||
|---|---|---|
| Number | +Class | |
- See chapter 19 for defined terms.
1/1/2003
Appendix 3B Page 6
Appendix 3B New issue announcement
Quotation agreement
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1 +Quotation of our additional +securities is in ASX’s absolute discretion. ASX may quote the[+] securities on any conditions it decides.
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2 We warrant the following to ASX.
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The issue of the[+] securities to be quoted complies with the law and is not for an illegal purpose.
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There is no reason why those[+] securities should not be granted[+] quotation.
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An offer of the[+] securities for sale within 12 months after their issue will not require disclosure under section 707(3) or section 1012C(6) of the Corporations Act.
Note: An entity may need to obtain appropriate warranties from subscribers for the securities in order to be able to give this warranty
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Section 724 or section 1016E of the Corporations Act does not apply to any applications received by us in relation to any[+] securities to be quoted and that no‐one has any right to return any[+] securities to be quoted under sections 737, 738 or 1016F of the Corporations Act at the time that we request that the[+] securities be quoted.
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We warrant that if confirmation is required under section 1017F of the Corporations Act in relation to the[+] securities to be quoted, it has been provided at the time that we request that the[+] securities be quoted.
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If we are a trust, we warrant that no person has the right to return the +securities to be quoted under section 1019B of the Corporations Act at the time that we request that the[+] securities be quoted.
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3 We will indemnify ASX to the fullest extent permitted by law in respect of any claim, action or expense arising from or connected with any breach of the warranties in this agreement.
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4 We give ASX the information and documents required by this form. If any information or document not available now, will give it to ASX before[+] quotation of the[+] securities begins. We acknowledge that ASX is relying on the information and documents. We warrant that they are (will be) true and complete.
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KM Schlobohm Company Secretary 25 June 2010
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- See chapter 19 for defined terms.
1/1/2003
Appendix 3B Page 7