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.