TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Dome Gold Mines Ltd. ( (AU:DME) ) has provided an announcement.
Dome Gold Mines Ltd announced a Share Purchase Plan (SPP) to raise up to $5 million by offering new fully paid ordinary shares at a 6.25% discount. The funds will be used to complete prerequisites for a mining license for the Sigatoka Sands Project, commence mining operations, and cover transaction costs. Any excess funds will support the ramp-up of mining operations and other Fijian assets. This initiative is expected to enhance Dome’s operational capabilities and strengthen its position in the Fijian mining sector.
More about Dome Gold Mines Ltd.
Dome Gold Mines Ltd is an Australian mining company focused on gold, copper, iron, and industrial sands in Fiji. It holds three exploration tenements and aims to become a significant player in Fiji’s mining industry through the development of its mineral resources. The company has been active in Fiji since 2008, with projects including the Sigatoka heavy mineral sand project, the Ono Island epithermal gold project, and the Nadrau copper-gold porphyry project.
Average Trading Volume: 381
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$66.66M
For a thorough assessment of DME stock, go to TipRanks’ Stock Analysis page.