De Grey Mining Ltd (AU:DEG) has released an update.
De Grey Mining Ltd is set to raise approximately $256 million through a 1 for 7.95 pro-rata accelerated non-renounceable entitlement offer of new shares priced at $1.10 each. The retail component of this fully underwritten offer, managed by Canaccord Genuity and Argonaut, closes on 27 May 2024. Investors are advised to read the Retail Offer Booklet and consult with professional advisers as this is not a prospectus and does not contain all information for an informed investment decision.
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