Brief: De Grey Mining Announces Underwritten A$600M Equity Raising

De Grey Mining

08/05/2024 03:28

May 8 (Reuters) - De Grey Mining Ltd  DEG.AX :
    * UNDERWRITTEN A$600M EQUITY RAISING
    * EQUITY RAISING COMPRISES INSTITUTIONAL PLACEMENT OF ABOUT
A$344
MILLION
    * EQUITY RAISING AT ISSUE PRICE OF A$1.10 PER NEW SHARE
    * EQUITY RAISING COMPRISING 1 FOR 7.95 PRO-RATA ACCELERATED
NON-RENOUNCEABLE ENTITLEMENT OFFER TO RAISE A$256M
    * EQUITY RAISING PROCEEDS EXPECTED TO FULLY FUND EQUITY
COMPONENT
OF HEMI GOLD PROJECT FINANCING
    * EQUITY RAISING WILL RESULT IN ISSUE OF 545.5 MILLION NEW
ORDINARY FULLY PAID SHARES
    * UNDERWRITTEN A$600M EQUITY RAISING (FIXES TYPO)

Further company coverage:  DEG.AX 

 ((Reuters.Briefs@thomsonreuters.com;;))