Dacian launches cut-price survival raising

DACIAN Gold is seeking to raise A$98 million in a heavily discounted placement and entitlement offer.

Dacian launches cut-price survival raising Dacian launches cut-price survival raising Dacian launches cut-price survival raising Dacian launches cut-price survival raising Dacian launches cut-price survival raising

New Dacian MD Leigh Junk will lead the miner's planned turnaround

The 30c issue price for the offers represent a 79% discount to Dacian's last closing price of $1.40 on January 31.