Investor Presentaiton
Equity Raising Overview
Offer Structure
and Size
Offer Price
Fully underwritten equity raising to raise approximately A$110 million (Equity Raising), comprising:
•
An Institutional Placement to raise approximately A$15.4 million (Placement); and
A 1 for 3.1 pro rata accelerated non-renounceable Entitlement Offer to raise approximately A$94.4 million (Entitlement Offer)
Approximately 55 million new Dacian Gold shares to be issued
■ The Institutional Placement shares will not be entitled to participate in the Entitlement Offer
■ New shares will rank equally with existing Dacian Gold shares
■ Offer price of A$2.00 per new share, which, as at the last closing price of 21 February 2017 represents a:
8.9% discount to TERP¹ of A$2.20;
11.9% discount to the last closing price of A$2.27; and
·
12.1% discount to the 5 day VWAP of A$2.28
.
Use of Proceeds
Institutional Placement
and Entitlement Offer
Retail Entitlement Offer
Syndicate
Proceeds from the Equity Raising will be used to fund:
A$77 million for MMGP construction and development expenditure
A$15 million for exploration expenditure
A$18 million for corporate expenditure, working capital and transactions costs
Post completion of the Equity Raising, Dacian Gold is fully funded to complete the construction of the MMGP through to production
■ Institutional Placement and the institutional component of the Entitlement Offer open to eligible institutional shareholders to be conducted on
Wednesday, 22 February and Thursday, 23 February (AEDT)
■ New shares equivalent to the number of new shares not taken up and those that would have been offered to ineligible institutional shareholders will
be offered to new and existing institutional investors concurrently with the Institutional Entitlement Offer
Retail Entitlement Offer open to eligible retail shareholders in Australia and New Zealand from Tuesday, 28 February to 5:00pm Monday, 20 March
(AEDT)
Macquarie Capital (Australia) Limited is the sole underwriter, bookrunner and lead manager
Argonaut Securities Pty Ltd is the Co-lead Manager
1 The Theoretical Ex-Rights Price (TERP) is the theoretical price at which Dacian shares should trade immediately after the ex-date for the entitlement offer. TERP is a theoretical calculation only and the
actual price at which shares trade immediately after the ex-date for the entitlement offer will depend on many factors and may not equate to TERP; Note: AEDT = Australian Eastern Daylight Time
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