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Microsoft Word - 20151218 DMA Placement Announcement FINAL
18 December 2015
ASX Announcement
PROPOSED PLACEMENT OF SECURITIES
Dynasty Resources Limited (the Company) (ASX Code: DMA) advises it intends to undertake a placement of up to 45 million shares at an issue price of $0.025 per share to sophisticated investors. The Company expects to complete the placement in the next week. Funds raised from the placement will be used to further strengthen the Company's financial position so as to be able to allocate funds to opportunities as they arise.
The Company is continuing to progress the transaction with Nong Biao as announced on 18 September 2015 and 23 November 2015, and now anticipates settlement will occur in late December 2015.
Enquiries: Lewis Tay
Managing Director (08) 6316 4414
Dynasty Resources Limited ABN 80 110 385 709 83 Brisbane Street, Perth 6000 Western Australia
T: +61 8 6316 4414 F: +61 8 6316 4404 E: [email protected] www.dynastyresources.com.au
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Dynasty Metals Australia Limited
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EXPLORATION STAGE |
CODE : DMA.AX |
ISIN : AU000000DMA2 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Dynasty Metals Australia is a nickel and uranium exploration company based in Australia. Dynasty Metals Australia holds various exploration projects in Australia. Its main exploration properties are BEE WELL, PRAIRIE DOWNS, MT PHILLIPS , WARRAMBOO, IRWIN RIVER , HYDEN, GLEN FLORRIE , BENDOC & BONANG, KUNDERONG, HECTOR BORE, YANREY, STANLEY-NABBERU and STELLA RANGE in Australia and CARNEGIE in Canada. Dynasty Metals Australia is listed in Australia and in Germany. Its market capitalisation is AU$ 30.4 millions as of today (US$ 20.7 millions, € 18.7 millions). Its stock quote reached its highest recent level on October 29, 2010 at AU$ 0.34, and its lowest recent point on October 30, 2015 at AU$ 0.01. Dynasty Metals Australia has 506 329 984 shares outstanding. |