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DGR GLOBAL LIMITED Capital/Financing Update 2020

Oct 13, 2020

64771_rns_2020-10-13_7ffed239-aeea-4e31-9d34-e7ea94b69cd1.pdf

Capital/Financing Update

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ASX Announcement

DGR Global Limited (ASX:DGR) 14 October 2020

Capital Raising Program

Accelerated Non-Renounceable Entitlement Offer

Results of Institutional Offer

Further to its market release of 12 October 2020, the Board of DGR Global Limited (ASX: DGR or Company ) is pleased to announce the results of the accelerated institutional component of its Accelerated NonRenounceable Entitlement Offer ( ANREO ).

The Company has secured commitments from institutional investors totalling $1,775,470 and the resultant 22,193,775 shares and 11,096,687 attaching options are scheduled to be issued on Friday, 16 October 2020 in accordance with the previously published timetable. This accelerated institutional offer is part of the Company’s overall capital raising program, incorporating the fully underwritten ANREO to existing Company shareholders, and an additional offer on the same commercial terms ( Additional Offer ) to third-party investors. The capital raising is being managed by Bizzell Capital Partners Pty Ltd.

The ANREO is being undertaken on the basis of one (1) New Share for every six (6) Shares held at an Issue Price of $0.08 per New Share to raise up to approximately $10.2m (before costs and subject to the Debt Conversion Facility), with one (1) attaching New Option for every two (2) New Shares allotted exercisable at $0.12 on or before 25 September 2023. The Company intends to seek quotation of the options. The Additional Offer to third party investors will be conducted on the basis of an issue of New Shares priced at $0.08 each, together with 1 New Option for every two (2) New Shares allotted, exercisable at $0.12 on or before 25 September 2023 to raise approximately $6m (before costs).

Full details of the ANREO and the Additional Offer are as outlined in the Company’s announcement and the Prospectus both published on Monday, 12 October 2020. The Prospectus and the personalised application paperwork for Eligible Retail Shareholders are both due to be despatched to Eligible Retail Shareholders on Monday, 19 October 2020 . It is important to note that this will include by way of electronic distribution where the Registry holds a valid email address for Eligible Retail Shareholders. Replacement paperwork can be obtained from the Company Secretary ( [email protected] ).