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DGR GLOBAL LIMITED — Capital/Financing Update 2010
Apr 11, 2010
64771_rns_2010-04-11_5fbab308-2189-4901-b323-0473a889fa63.pdf
Capital/Financing Update
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ASX Announcement
12 April 2010
Non‐Renounceable Rights Issue
In reference to today’s announcement regarding the Non‐Renounceable Rights Issue, the Board wishes to clarify that shareholders registered in Hong Kong will be eligible to participate in the offer.
On behalf of the Board KM Schlobohm Company Secretary
About D’Aguilar Gold
D’Aguilar Gold Limited is focussed 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.
Focussed 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 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). It is presently progressing the merger of its nickel and cobalt subsidiary AusNiCo Limited with Lions Gate Metals Inc (TSX‐V: LGM), and will emerge with 7.83 million shares and 2.63 million warrants (33%) of Lions Gate after a C$4 million capital raising.
In the development pipeline, D’Aguilar is also progressing plans for four subsidiaries – Ridge Exploration (86% ‐ iron ore, titanium and aluminium), Barlyne Mining (100% ‐ porphyry copper gold), Anduramba Molybdenum (100%) and Navaho Gold (100% ‐ gold and silver). Several other projects are at earlier stages of development, and will be announced to the market when exploration tenements have been secured.
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