Australia's De Grey Mining launches $395 mln equity raising

Reuters05-08

May 8 (Reuters) - Australian gold miner De Grey Mining

said on Wednesday it has launched an A$600 million ($395.34 million) equity raising to finance the equity part of the funding for its Hemi gold project in Western Australia.

($1 = 1.5177 Australian dollars)

(Reporting by Poonam Behura in Bengaluru; Editing by Shailesh Kuber)

((Poonam.Behura@thomsonreuters.com;))

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