Dacian launches $20M placement

DACIAN Gold has called a trading halt while it undertakes an institutional placement to raise A$20 million.

Dacian launches $20M placement Dacian launches $20M placement Dacian launches $20M placement Dacian launches $20M placement Dacian launches $20M placement

Dacian's Mt Morgans plant in Western Australia

The issue price is 17c per share, a 17.1% discount to yesterday's closing price.

The placement is being fully underwritten by lead managers Canaccord Genuity and Euroz Hartleys.