PERTH (miningweekly.com) – Junior DGO Gold has received firm commitments to raise up to A$10.5-million in a share placement to institutional and sophisticated investors, priced at A$3 a share.
Executive chairperson Eduard Eshuys said on Wednesday that the new investment was a positive endorsement of the work that DGO was doing in progressing its greenfield and brownfield investment and discovery strategy.
The company is working to build a portfolio of brownfield and greenfield gold and copper/gold discovery opportunities in Western Australia and South Australia through strategic equity investments, exploration on its own tenement holdings and through joint venture opportunities.
The funds raised will go towards the ongoing implementation of this investment and discovery strategy, the company said on Wednesday.