Dundas to boost WA Goldfields exploration with $1.5M capital raise

The Market Herald05-10

WA-focused explorer Dundas Minerals Ltd (ASX:DUN) has embarked on a capital raising aiming for $1.5 million to fund additional work on its Windanya and Baden-Powell gold plays north of Kalgoorlie, as ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2434006838?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-05-10 11:59","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2434006838","market":"us","top_or_hot":-1,"title":"Dundas to boost WA Goldfields exploration with $1.5M capital raise","media":"The Market Herald","content":"<div>\n<p>WA-focused explorer Dundas Minerals Ltd (ASX:DUN) has embarked on a capital raising aiming for $1.5 million to fund additional work on its Windanya and Baden-Powell gold plays north of Kalgoorlie, as ...</p>\n\n<a href=\"https://themarketonline.com.au/dundas-to-boost-wa-goldfields-exploration-with-1-5m-capital-raise-2024-05-10/\">Source Link</a>\n\n</div>\n","source":"markerherald_stock","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Dundas to boost WA Goldfields exploration with $1.5M capital raise</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDundas to boost WA Goldfields exploration with $1.5M capital raise\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-05-10 11:59 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://themarketonline.com.au/dundas-to-boost-wa-goldfields-exploration-with-1-5m-capital-raise-2024-05-10/><strong>The Market Herald</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>WA-focused explorer Dundas Minerals Ltd (ASX:DUN) has embarked on a capital raising aiming for $1.5 million to fund additional work on its Windanya and Baden-Powell gold plays north of Kalgoorlie, as ...</p>\n\n<a href=\"https://themarketonline.com.au/dundas-to-boost-wa-goldfields-exploration-with-1-5m-capital-raise-2024-05-10/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://themarketonline.com.au/dundas-to-boost-wa-goldfields-exploration-with-1-5m-capital-raise-2024-05-10/","article_id":"2434006838","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2434006838","pubTimestamp":1715313540,"sourceInfo":{"source_id":"markerherald_stock","name":"The Market Herald"},"weMediaInfo":null,"summary":"WA-focused explorer Dundas Minerals Ltd  has embarked on a capital raising aiming for $1.5 million to fund additional work on its Windanya and Baden-Powell gold plays north of Kalgoorlie, as well as evaluation of development opportunities and other corporate costs.The capital raise of up to $1,497,065 will be broken into two components: firstly, a pro-rata entitlement offer based on two new shares for every seven shares held on May 15 at 5pm ; these will be offered at $0.022 cents per share, with a goal of raising $497,065.For this offer – which will close on May 29 – Dundas has emphasised that it is open to all eligible shareholders with a registered address in Australia, New Zealand, Singapore, Hong Kong and Canada  who hold shares on the May 15.Windanya – which holds an inferred resource of 25,000 ounces of gold – has been subject to recent exploration work, with a second drilling program ended on May 6. Follow up reverse circulation drilling has now commenced, and is due for comple","collect":0,"end_time":0,"defaultTopTitle":"themarketonline.com.au","property":[],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"邓达斯将筹集150万美元资金促进西澳大利亚金矿勘探","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"DUN.AU":1},"content_text":"WA-focused explorer Dundas Minerals Ltd (ASX:DUN) has embarked on a capital raising aiming for $1.5 million to fund additional work on its Windanya and Baden-Powell gold plays north of Kalgoorlie, as well as evaluation of development opportunities and other corporate costs.\nThe capital raise of up to $1,497,065 will be broken into two components: firstly, a pro-rata entitlement offer based on two new shares for every seven shares held on May 15 at 5pm (AWST); these will be offered at $0.022 cents per share, with a goal of raising $497,065.\nFor this offer – which will close on May 29 – Dundas has emphasised that it is open to all eligible shareholders with a registered address in Australia, New Zealand, Singapore, Hong Kong and Canada (British Columbia) who hold shares on the May 15.\nSecondly, Dundas will issue $1 million worth of unsecured and unlisted convertible notes to a group of professional and sophisticated investors; this issue will be subject to approval by company shareholders. \nWindanya – which holds an inferred resource of 25,000 ounces of gold – has been subject to recent exploration work, with a second drilling program ended on May 6. Follow up reverse circulation drilling has now commenced, and is due for completion halfway through this month.\nHigh grades intercepted at the Capricorn prospect there include 3 metres at 9.14 grams per tonne from 114m; and 3 metres at 5.3 grams per tonne from 28 metres. Drilling at the Aquarius prospect have yielded intercepts such as 3 metres at 10.2 grams per tonne from 109 metres; and 2 metres at 6.5 grams per tonne from 70 metres.\nDundas Minerals has been trading at 2.5c.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2434006838"}