De Grey Mining raises $125m

De Grey Mining raises $125m

26 October 2021 By Reporter
De Grey Mining raises $125m

Western Australian gold explorer and project development company De Grey Mining has been advised on its fully underwritten $125 million placement.

Firm: Gilbert + Tobin (De Grey Mining).

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Deal: De Grey Mining has launched its fully underwritten $125 million placement to support exploration and pre-feasibility works relating to its Mallina Gold Project.

The funds will be allocated to resource extension drilling at De Grey’s Hemi and regional deposits and further exploration drilling.

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The proposed date for the shares to be issued is 27 October 2021.

Value: $125 million.

Area: Corporate advisory.

Key players: The G+T team was led by partner Sarah Turner, with assistance from lawyers Ada Lam and Maree Casey.

Deal significance: Commenting on the transaction, Ms Turner said: “We are pleased to have advised De Grey Mining in launching its very successful equity raising. The strong response from institutional investors reflects the potential of De Grey Mining’s portfolio and market support for the board and management team.”

De Grey Mining raises $125m
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