Dacian raises A$110m for Mt Morgans development

Gold developer Dacian Gold has launched a A$110-million equity raising, comprising a A$15.4-million institutional placement and a 1-for-3.1 accelerated nonrenounceable entitlement offer to complete the construction of its Mt Morgans project, in Western Australia. Dacian on Wednesday told shareholders that some eight-million new shares will be placed to raise A$15.4-million, with some 47-million new shares to be issued under the accelerated nonrenounceable entitlement offer, to raise a further A$94.4-million.