DGR Global Limited is a resource project generator and investment company focused on generating exploration and development companies in a wide array of minerals. DGR Global’s philosophy is to secure provincial tenure positions prospective for commodities which attract globally exposed capital funds. Exploration concepts are often novel and each project or exploration strategy is initially held as a separate subsidiary of the parent company.



 
DGR Global Ltd (ASX:DGR)
Company Directors
Mr Bill Stubbs Stubbs (Chairman, Non Exec. Director)
Mr Brian Moller Moller (Non Exec. Director)
Mr Greg Runge Runge (General Manager)
Mr Nicholas Mather Mather (Managing Director)
Mr Priy Jayasuriya Jayasuriya (CFO)
Mr Vincent Mascolo Mascolo (Non Exec. Director)
Contact Information
Phone: 07-3303 0680
Email:
Website:

Address
Level 5, 60 Edward Street, , BRISBANE, QLD, AUSTRALIA, 4000
Media Releases
Gas Subsidiary Armour Energy to Acquire Strategic Stake in Lakes Oil
06 Dec,2011 08:30 AM

Farm-in Program on Highly Prospective Onshore Gippsland and Otway Tenements

The Board of Directors of DGR Global ASX:DGR) is extremely pleased to announce details of a share placement and a farm-in agreement entered into between its gas subsidiary Armour Energy and the ASX listed Lakes Oil NL (ASX:LKO).

Under the agreement Armour Energy will subscribe $2.25 million to purchase 900 million shares in Lakes Oil at 0.25 cents per share in Lakes representing a 15% interest in the Company. Armour Energy will also be granted a right to maintain its 15% interest in Lakes Oil through participation in any subsequent capital raisings by Lakes Oil.


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