$3m Placement
Released
Released
Announcement PDF
ASX Release
24 February 2025
A$3.0m Placement to Fund Drilling at Triumph Gold Project
Dart Mining NL (ASX:DTM) (“Dart” or the “Company”) is pleased to announce that it has received
firm commitments from professional and sophisticated investors for a two tranche Placement to
raise A$3,000,000 through the issue of 600,000,000 new fully paid ordinary shares at A$0.005 per
share. The Company will seek shareholder approval for the majority of the Placement.
Tranche 1 will raise A$448,542 through the issue of 89,708,337 new fully paid ordinary shares at
A$0.005 per share. The shares will be issued under Listing Rule 7.1.
The Company will seek shareholder approval to issue 510,291,663 new fully paid ordinary shares
at A$0.005 per share to professional and sophisticated investors at a shareholder meeting to be
held in March/April 2025 (Tranche 2) to raise a further A$2,551,458.
The Placement price represents a 16.67% discount to the Company’s closing price on 21 February
2025.
The Company will also seek shareholder approval to issue one free option for every two new shares
issued under Tranche 1 and Tranche 2. The options will be exercisable at 1 cent and expiring 3
years from their issue date. Approval will also be sort to issue 110,000,000 lead manager and
broker options on the same terms. The company will apply for the options to be listed on the
Australian Securities Exchange (ASX) subject to meeting all the necessary listing criteria set out by
the ASX.
CPS Capital Group Pty Ltd the Lead Manager on the Placement. Zerp Capital Pty Ltd also assisted
with the placement on behalf of the Company.
There are no related parties, as per Listing Rule 10.11, participating in the Placement.
The funds raised in the Placement will be used for diamond drilling at the Triumph Gold Project,
approximately A$2.0m and the balance for new project generation and general working capital.
The board wishes to thank the existing and new shareholders that strongly supported this
placement.
Release approved by the Board of Directors.
For more information contact:
James Chirnside
Managing Director
Dart Mining NL
jchirnside@dartmining.com.au
+61 2 9597 1198
Visit our webpage:
www.dartmining.com.au
Find us on LinkedIn:
Dart Mining NL
For more information, contact:
James Chirnside, Managing Director
Email: jchirnside@dartmining.com.au
Phone: +61 2 9597 1198
Dart Mining NL
ABN: 84 119 904 880
412 Collins Street
Melbourne VIC 3000
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