Gascoyne offers true believers a deep discount

GASCOYNE Resources has convinced its bankers it can overcome the issues that have plagued the flagship Dalgaranga mining operation since start-up, but in order to implement its recovery it needs cash and has managed to put together a circa A$28 million plan to buy breathing room to work through the issues.

Gascoyne offers true believers a deep discount Gascoyne offers true believers a deep discount Gascoyne offers true believers a deep discount Gascoyne offers true believers a deep discount Gascoyne offers true believers a deep discount

Dalgaranga's promise has secured $20M in pre-commitments.

But the ability to raise at least $20 million comes at a cost, with shareholders offered a steep discount as an enticement to back the company and its plan to right the ship by 2020.

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