DGR Global Limited
ASX:DGR ISIN:AU000000DGR8
Projects are conceived directly through the skills and experience of D’Aguilar’s accomplished team of exploration geoscientists (with an enviable track record), not by the costly purchase of properties. Each project or exploration strategy is held in a separate subsidiary.
Focused and specialist management is then engaged in the subsidiary, with project specific finance raised in the subsidiary – faster and less dilutive to D’Aguilar. As the subsidiary project develops and starts to derisk the subsidiary is separately capitalised (seed raisings followed by an IPO).
Investors can choose to invest specifically in a particular project/commodity, or by investing in D’Aguilar, invest in the resource company generating business which retains a significant carried interest in each project.
D’Aguilar projects tend to be very large, targeting new provinces with the potential to make world-class discoveries. The exploration concepts are often novel. While increased metal prices and advances in technology can turn former sub-economic deposits into viable projects, D’Aguilar subsidiary projects frequently emerge from detailed reassessment and reinterpretation of large databases – looking at things from a new angle and with a different focus using state of the art techniques. The D’Aguilar Directors and Managers have in the past applied new exploration models to extensive tenement areas which have led to identification of new mineral provinces and the discovery of nationally significant resources. Similar efforts are now being dedicated to D’Aguilar.
News
During the quarter field exploration activities have been concentrated on soil sampling and geological mapping on Central Minerals and D'Aguilar Gold Limited (ASX:DGR) wholly owned projects at Bathurst.
The Directors of D'Aguilar Gold Limited (ASX:DGR) are pleased to provide an update on the Monogorilby iron and titanium prospect held by subsidiary Ridge Exploration Pty Ltd.
D'Aguilar Gold Limited (ASX:DGR) are pleased to provide the following update on the Rannes and Clermont gold exploration Projects held by its subsidiary Central Minerals Pty Ltd.
D'Aguilar Gold Limited (ASX:DGR) and its 79% owned subsidiary AusNiCo Limited advise that due diligence by all parties is well advanced in respect of the merger agreement with TSX listed tier 1 Canadian company Lions Gate Metals Inc. (CVE:LGM).
The Directors of D'Aguilar Gold Limited (ASX:DGR) and its 79% subsidiary AusNiCo have reached agreement to merge AusNiCo with the TSX listed tier 1 Canadian company, Lionsgate Metals Corporation Inc. (TSX-V:LGM).
The Directors of D'Aguilar Gold Limited (ASX:DGR) are pleased to advise their support for an offer received by entities associated with the Managing Director, Mr Nicholas Mather to take up an allotment of 44 million DGR shares at a price of 3.5 cents each to raise A$1,540,000. This allotment, if approved, will take Mr Mather's direct and indirect holding in DGR to approximately 19%.
During the quarter, D'Aguilar Gold Limited (ASX:DGR) field exploration activities have been concentrated on soil sampling and geological mapping on Central Minerals, AusNiCo and Ridge Exploration prospects, leading to the identification of new drill targets and extensions to areas of known mineralisation. New applications for Explorations Permits for Minerals have been lodged by D'Aguilar, AusNiCo, Central and Ridge. Unprospective areas not returning encouragement have been relinquished.
The Directors of D'Aguilar Gold Limited (ASX:DGR) are pleased to advise the successful placing of 2 million shares to sophisticated seed investors in D'Aguilar subsidiary Central Minerals Pty Ltd. The shares, representing 8% of the issued capital of Central Minerals, were placed at 20 cents each.
On 26 March 2009, the Directors of D'Aguilar Gold Limited (ASX:DGR) announced that the Company was planning to undertake a share purchase plan ("Plan"). The Plan opened on 22 April 2009 and involved the offer of a maximum of 45,714,286 new shares at an issue price of A$0.035 potentially raising a maximum of A$1,600,000.
The Directors of D'Aguilar Gold Limited (ASX:DGR) are mindful that many D'Aguilar shareholders are also shareholders of Solomon Gold plc, and therefore advise of research prepared for Solomon Gold plc by its appointed Broker Hanson Westhouse in London, UK.
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