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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.

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

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. Ed Eshuys' DGO Gold is...

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