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Dome Gold Mines Ltd. ( (AU:DME) ) has issued an announcement.
Dome Gold Mines Ltd plans to raise up to AUD$3 million through an unsecured convertible note issue to sophisticated investors, with the notes carrying a 12% annual interest rate and conversion into fully paid ordinary shares at $0.10 per share over a three‑year term. The proceeds will fund completion of the Sigatoka feasibility study, preparation and submission of a mining lease application for Sigatoka, an airborne geophysical program over copper‑gold‑silver targets on SPL1452 at the Nadrau property, and working capital for its Australian and Fijian operations, marking a pivotal step in accelerating project development and exploration amid favourable metal prices.
The most recent analyst rating on (AU:DME) stock is a Sell with a A$0.06 price target. To see the full list of analyst forecasts on Dome Gold Mines Ltd. stock, see the AU:DME Stock Forecast page.
More about Dome Gold Mines Ltd.
Dome Gold Mines Ltd is an Australian mining company listed on the ASX and focused on gold, copper, iron and industrial mineral sands in Fiji. The company holds three highly prospective exploration tenements, including the Sigatoka heavy mineral sand project, the Ono Island epithermal gold project and the Nadrau copper‑gold porphyry project, and aims to become a major force in Fiji’s mining industry through resource discovery and development.
Average Trading Volume: 42,025
Technical Sentiment Signal: Sell
Current Market Cap: A$27.29M
For detailed information about DME stock, go to TipRanks’ Stock Analysis page.