Gilbert + Tobin has advised De Grey Mining on the placement.
De Grey Mining Ltd (ASX:DEG) launch its fully underwritten $125 million placement to support exploration and pre-feasibility works relating to its Mallina Gold Project.
The proposed date for the shares to be issued is 27 October 2021.
De Grey Mining is a Western Australian gold explorer and project development company with a focussed presence in the Pilbara region. In addition to the Mallina Gold Project, the funds will also be allocated to resource extension drilling at De Grey’s Hemi and regional deposits and further exploration drilling.
The G+T team was led by Corporate Advisory partner Sarah Turner (Picture), with assistance from lawyers Ada Lam and Maree Casey.
Law Firms: Gilbert + Tobin;
Clients: De Grey Mining;