DRD backs Allied in PNG

DRD Gold has backed Allied Gold to the tune of $A10 million for the development of its $US37.9 million Simberi gold project with RMB Resources firming up to fund the debt component of the project.

DRD backs Allied in PNG DRD backs Allied in PNG DRD backs Allied in PNG DRD backs Allied in PNG DRD backs Allied in PNG

Allied Gold has placed 7.58 million shares at 40c each with DRD to raise just over $3 million, with DRD also entering into an underwriting agreement for 17.42 million shares at 40c.

loader