Renounceable Rights Issue to Advance the Kuusamo Gold Project, Finland
06 February 2012
Dragon Mining Limited is pleased to announced a renounceable pro rata rights issue to Shareholders whose registered addresses are in Australia or New Zealand and who are registered as at 4.00pm (AWST) on 15 February 2012 (Record Date) to raise approximately $15 million (before costs).
The primary use of the funds raised will be to advance exploration and metallurgical testwork at the Kuusamo Gold Project in northern Finland towards feasibility and development at a more rapid rate and to undertake exploration on Kuusamo regional prospects.
The Board of the Company is delighted that the rights issue is being fully sub-underwritten by the Company�s two largest shareholders, Eurogold Limited and Nicolas Mathys, demonstrating their support for the Company.
The Board can also confirm that it is the intention of the Directors of the Company to take up their entitlements in full.
The Company has established a Shareholder information line which Shareholders may call if they have any queries in relation to the Rights Issue. The Shareholder information line has been established through Computershare Investor Services Pty Limited and the telephone number is 1800 258 031 (within Australia) or +61 3 9415 4816 (outside Australia).
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