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DGR GLOBAL LIMITED — Capital/Financing Update 2013
Jul 10, 2013
64771_rns_2013-07-10_8113c059-ac51-4e45-820c-992ea0cca6e8.pdf
Capital/Financing Update
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DGR Global Limited
11 July 2013
Entitlements Issue Underwriting
DGR Global Ltd (ASX: DGR; “the Company”) would like to provide further clarification for shareholders in relation to certain particulars disclosed in Section 5.1 of the Entitlements Issue Offer Document released to the market on 24 June 2013, and mailed to shareholders last week.
Section 5.1 of the Offer Document outlines the details of the underwriting arrangements, including a list of events which may trigger the underwriter to terminate the underwriting agreement. Included in that list are the following conditions:
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“(b) the spot price for gold as quoted on COMEX falling to a determined level;
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(d) the S&P/ASX 200 Index falling to a determined level.”
The Company would like to clarify that in each case, “the determined level” is a level which is greater than 10% below the level of the price / index on 20 June 2013.
In this regard, on 20 June 2013 the ASX200 Index closed at 4,758 and spot gold closed at circa USD$1,280. Accordingly, the underwriting of the DGR Entitlements Issue remains on foot.
The fully‐underwritten Entitlements Issue opened on 8 July 2013 to raise $1.65 million, with full details outlined in the documents mailed to shareholders. If you are an Eligible Shareholder and you wish to accept your Entitlement pursuant to the Entitlement Offer, you will need to complete the Entitlement and Acceptance Form and return it and make payment of the appropriate application money to the Company’s Share Registry before 5:00pm (Brisbane time) on the Closing Date of Monday 22 July 2013 .
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On behalf of the board Karl Schlobohm Company Secretary
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About DGR Global Limited
DGR Global 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 DGR Global’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 DGR Global. 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 DGR Global, invest in the resource company generating business which retains a significant carried interest in each project.
DGR Global 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, DGR Global 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 DGR Global 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. These efforts are now being dedicated to DGR Global.
DGR Global currently holds 75 million shares (25%) in Armour Energy Limited (ASX: AJQ) currently focused on the discovery and development of world class gas resources in northern Australia, 39 million shares (18%) in Orbis Gold Limited (ASX: OBS) currently expanding its gold resource in Burkina Faso, 54 million shares (10%) in SolGold plc (LSE: SOLG) currently exploring for gold and copper in the Solomons, Ecuador and Queensland, 59.8 million shares (14%) in AusNiCo Limited (ASX: ANW) owner of the Taronga Tin Project, and 58 million shares (28%) in Navaho Gold Limited (ASX: NVG) exploring for Carlin style gold in Nevada and owner of the prospective NavGas Project in South Australia.
Email: [email protected]
Electronic copies and more information are available on the Company website: www.dgrglobal.com
For further information contact:
Mr Nicholas Mather
Managing Director DGR Global Ltd Ph: 07 3303 0680
Karl Schlobohm
Company Secretary, DGR Global Ltd Ph: 07 3303 0680
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