D'Aguilar Gold Limited (ASX:DGR)
Brisbane, June 10, 2009 AEST (ABN Newswire) - 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 issue was underwritten to the extent of 17,142,857 shares at 3.5 cents each, guaranteeing a minimum raising of A$600,000.
Eligible shareholders were entitled to take up, at their election, either A$3,000 or A$5,000 worth of new shares.
The Directors advise that the Plan closed at 5.00pm (Brisbane time) on 5 June 2009, with shareholders contributing a total of A$639,000. This means that the minimum guaranteed raising was exceeded, and that no shares will therefore be issued to the underwriter of the Plan.
Proceeds from the Plan will, together with funds raised from the recent placement undertaken by the Company, provide working capital to pay current creditors, meet the costs of the Plan, progress the Company's ongoing business plan to list its project based subsidiary companies and progress the identification and initial exploration of new projects.
It remains the Company's intention to issue the shares under the Plan on or about 19 June 2009.
The Directors are very pleased with this result, and would like to thank shareholders for their support of the Share Purchase Plan.
Contact
KM Schlobohm
Company Secretary
Tel: +61-7-3303-0680
Fax: +61-7-3303-0681
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