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$1.5 million raising as Converting Notes in Anduramba Molybdenum
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DAguilar Gold Limited is pleased to announce that its subsidiary Anduramba Molybdenum Pty Ltd (Anduramba Molybdenum) has raised an amount of $1.5 million in mezzanine funding by issuing a converting note
to assist with funding its bankable feasibility study and increased activity on the Anduramba Molybdenum project in South East Queensland. The funds have been subscribed by a private investment company. Nicholas
Mather, Managing Director of DAguilar commented Raising mezzanine funds in Anduramba Molybdenum at this early stage of the evolution of the Anduramba project demonstrates the early success achieved on the project and highlights DAguilars ability
to raise funds in its subsidiary companies at more favourable levels than by issuing DAguilar equity and with significantly less dilution. The minor dilution in Anduramba Molybdenum does not result in dilution of DAguilar shareholders equity in the other
promising projects in the DAguilar pipeline. This funding will enable the Company to add considerable value to the Anduramba project and pave the way for raising further development funds.
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This email was sent by Nicholas Mather, D'Aguilar Gold Ltd, Level 5, 60 Edward Street, Brisbane Australia 4000
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D'Aguilar Gold Ltd
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DEVELOPMENT STAGE |
CODE : DGR.AX |
ISIN : AU000000DGR8 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
D'Aguilar is a gold exploration company based in Australia. D'Aguilar develops gold and molybdenum in Australia, and holds various exploration projects in Australia. Its main asset in development is ANDURAMBA in Australia and its main exploration properties are MOUNT COBALT, STEVENS BASIN and AUSNICO in Australia. D'Aguilar is listed in Australia and in Germany. Its market capitalisation is AU$ 8.5 millions as of today (US$ 5.6 millions, € 5.2 millions). Its stock quote reached its highest recent level on June 15, 2007 at AU$ 0.47, and its lowest recent point on April 05, 2024 at AU$ 0.01. D'Aguilar has 567 580 032 shares outstanding. |