Dacian amends raising parameters

PERTH (miningweekly.com) – Gold developer Dacian Gold has amended the terms of a recently launched capital raise.

The ASX-listed company last week launched a A$150-million capital raise consisting of a A$50-million institutional placement and a A$100-million accelerated nonrenounceable entitlement offer, on a 4-for-15 basis.

Dacian on Thursday amended the term of the entitlement offer to a 3-for-10 basis, which will now raise A$102-million.

The placement to institutional investors has also been amended from A$50-million to A$46-million, while the new price per share for both the placement and entitlement offer is A$2.50 a share, instead of the previous price of A$2.75 a share.

Some 59-million new shares will now be issued under the raising, instead of the previously estimated 54-million shares.