De Grey raises 'ton' of funding for Hemi

SPECTACULAR gold exploration success story De Grey Mining is raising a cool A$100 million in a placement it suggested could have totalled more than $300 million.

De Grey raises 'ton' of funding for Hemi De Grey raises 'ton' of funding for Hemi De Grey raises 'ton' of funding for Hemi De Grey raises 'ton' of funding for Hemi De Grey raises 'ton' of funding for Hemi

De Grey has got plenty of runway ahead after its $100 million raising

The raising is being priced at $1.20 per new share, a 16% discount to the last traded price of the stock - though also a 1% premium to the 10-day volume-weighted average price.

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