Argonaut acted as Joint Lead Manager to successfully raise A$40 million Placement for Dacian Gold Limited in 2018 to accelerate exploration programs at the Westralia and Cameron Well as well as for the extinguishment of the Jupiter life of mine royalty obligation. Previous transactions included a A$110 million institutional Placement in 2017 to contribute to the development of the Mt Morgans Gold Project, a $25 million capital raising in 2015 and a $20 million IPO in 2012. All transactions well supported by new and existing shareholders from domestic and international institutional investors resulting in significantly oversubscribed Placements which were also used as general working capital.
Dacian Gold Limited (ASX:DCN) is an Australian mining company focussed on high margin, sustainable production and organic growth from its highly prospective land package in Western Australia. Its flagship project is the wholly-owned Mt Morgans Gold Operation focused on the Heffernans, Doublejay and Mt Marven deposits near Laverton, Western Australia. Dacian Gold Limited is also invested in the exploration and processing of gold mineralisation at the Redcliffe Gold Project with different objectives in the north, central and southern groups.
Argonaut | Perth
Level 30, Allendale Square, 77 St Georges Terrace Perth, WA, 6000 Australia
ABN 72 108 330 650
SFC CE No. AXO052