DREADNOUGHT RESOURCES FULLY FUNDED FOLLOWING PLACEMENT HIGHLIGHTS • High demand for placement at $0.035 has raised $8,000,000 (before costs) to institutional and sophisticated investors. • Proceeds to be used for building on recent successes at the Tarraji-Yampi, Mangaroon and Illaara Projects with drilling of massive sulphides at Tarraji-Yampi to commence immediately. • Directors are contributing $158,699 via the placement (subject to shareholder approval) and exercise of options and will maintain a 15% ownership, bringing their total investment to ~$1.46 million.
Happy with 8mill @ 0.035 for the raise. DRE now have funds for the next twelve months. Nothing holding this back and with a few more positive announcements i envisage DRE to move north rather quickly. A number of projects at hand and potential ahead.
DISC HOLD IRL purchasing @ 0.17,0.24,0.38