Dateline raises cash
PERTH (miningweekly.com) – ASX-listed Dateline Resources has raised some A$2.1-million through a non-renounceable rights issue.
The junior in July this year launched the one-for-two non-renounceable rights issue, priced at 2c a share, with the aim of raising up to A$4-million to fund working capital, and the pursuit of the Colorado gold project.
The company said on Monday that some 109.2-million of the 200.2-million shares on offer were subscribed for, with the shares to be allowed on August 16.
The Dateline board also retained the rights to place some or all of the shortfall shares to sophisticated or professional investors within three months of closing the rights issue.
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