trending Market Intelligence /marketintelligence/en/news-insights/trending/HU4RTuQFZQje1iYRZtcCow2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

Dynasty raises A$1.2M in undersubscribed entitlement issue

Industry Top Trends 2021: Metals and Mining

Greenhouse gas and gold mines Nearly 1 ton of CO2 emitted per ounce of gold produced in 2019

Essential Metals & Mining Insights - September 2020

Essential Metals & Mining Insights - August 2020

Dynasty raises A$1.2M in undersubscribed entitlement issue

Dynasty Resources Ltd. said July 20 that it has raised A$1.2million upon completion of its undersubscribed non-renounceable of 1 new share for every10 shares held at an issue price of 5 cents per share.

The company received applicationsto subscribe for 14,907,266 new shares for a total of A$721,909.

Cyberstore Technology Ltd. (Hong Kong),which partially underwrote the offer to 50%, will place the shortfall of 8,107,568shares. Once this is completed, the total funds raised will be aboutA$1.2 million before costs.

The offer was undersubscribed by 31,122,402shares, which is equivalent to about A$1.6 million.

Proceeds from the financing are earmarkedfor mineral exploration and potential acquisitions, as well as for general workingcapital.