Dacian Gold raises $40m from Institutional Placement

Company News

by Rachael Jones

Dacian Gold (ASX:DCN) is pleased to announce the successful completion of a share placement launched on Wednesday, 11 July 2018.

The Institutional Placement raised a total of $40 million from the issuance of approximately 14.8 million shares (New Shares) at A$2.70 per share.

The Institutional Placement was heavily oversubscribed.

The Institutional Placement was initially targeting $37 million, however considering the strong demand the Company accepted an additional $3 million in oversubscriptions.

Shares in Dacian Gold (ASX:DCN) are down 2.99 per cent to $2.92.

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.