D'Aguilar Gold Limited (ASX:DGR)
Brisbane, July 15, 2009 AEST (ABN Newswire) - 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. The A$400,000 raised will be applied to working capital to effect listing the company's equity on a recognised stock exchange.
D'Aguilar also recently settled part consideration for the redemption of the Anduramba Converting Note with Indium Investments Pty Ltd (refer ASX release 9 April) as 3.25 million shares at 20 cents each in Central Minerals. Following the completion of the seed raising, the shareholders of Central Minerals Pty Ltd are:
D'Aguilar Gold Limited 19,750,000 79%Indium Investments Pty Ltd 3,250,000 13%Seed Investors 2,000,000 8%Total 25,000,000 100%
Central Minerals' parent, D'Aguilar Gold holds an intercompany loan to Central of approximately A$1.84 million at 30 June as a result of previous exploration expenses funded by D'Aguilar, including drilling at the Crunchie, Kauffmans, Homestead and Porcupine Pie prospects in central Queensland. It is intended this debt be settled when Central completes an IPO or its equity becoming listed on a recognised stock exchange.
Contact
Mr Nicholas Mather
Managing Director
Tel: +61-7-3303-0680
Mob: +61-417-880-448
Email: info@daguilar.com.au
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