De Grey Mining LTD
De Grey Mining LTD & Argonaut
De Grey raises $300 million upon Hemi DFS release to continue significant project delivery momentum.
Argonaut acted as Joint Lead Manager and Joint Underwriter to the fully underwritten $300 million Placement for De Grey Mining Limited (ASX:DEG). The Placement was underpinned by strong support from leading global institutional investors along with major shareholder, Gold Road Resources Limited.
The Placement will provide the Company with significant balance sheet strength and flexibility to progress activities to support the Project execution schedule. Funds will be used to advance major project lead items, continue exploration drilling across the Greater Hemi and regional areas and fund working capital.
Argonaut has now been involved with raising De Grey $689 million. We started our involvement in March 2020 when the Hemi discovery was in its infancy. Argonaut is delighted to have supported De Grey as it builds a genuine Tier 1 gold mine. We look forward to De Grey’s ongoing success.
Additional information regarding De Grey can be found on the Company’s website at:
De Grey Mining LTD – $300 million Fully
Underwritten Placement – September 2023
