New York, July 31 - D'Aguilar Gold Ltd. said it is planning a A$1.54 million placement of shares with managing director Nicholas Mather.
Under the proposed transaction, which must be approved by shareholders at a general meeting in September, D'Aguilar Gold will sell 44 million shares at 3.5 cents each.
The funding will provide the company with enough working capital to meet the next nine months of expenses, according to a news release.
D'Aguilar Gold is a Brisbane, Australia, exploration company focused on copper, gold, nickel, molybdenum, iron ore and uranium.
| Issuer: | D'Aguilar Gold Ltd.
|
| Issue: | Shares
|
| Amount: | A$1.5 million
|
| Shares: | 44 million
|
| Price: | A$0.035
|
| Warrants: | No
|
| Investor: | Nicholas Mather
|
| Announcement date: | July 31
|
| Stock symbol: | ASX: DGR
|
| Stock price: | A$0.036 at close July 31
|
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