Dart Mining NL (AU:DTM) has released an update.
Dart Mining NL has announced a non-renounceable entitlement offer to raise $1.3 million by issuing new shares and options to eligible shareholders, with proceeds aimed at the Triumph Gold Project acquisition and exploration, among other uses. The offer is set at a price of $0.012 per new share, providing one free attaching option for every two new shares subscribed. The offer, which is not transferable, will potentially dilute holdings of non-participating shareholders.
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