Dart Mining NL Raises A$2,860,000 in Two-Tranche Placement

Strategic Insights -

Dart Mining NL, a Sydney-based mining company, has announced a successful two-tranche placement to raise A$2,860,000. The placement involves the issue of 1,682,352,941 new fully paid ordinary shares at 0.17 cents per share. The company will seek shareholder approval for the majority of the placement, with Tranche 1 raising A$300,000 and Tranche 2 raising a further A$2,560,000. The placement price represents a 43% discount to the company's closing price on August 8, 2025.

Key Takeaways:

  • The company will issue 1,682,352,941 new fully paid ordinary shares at 0.17 cents per share to raise A$2,860,000.
  • The placement involves two tranches: Tranche 1, which raises A$300,000, and Tranche 2, which raises a further A$2,560,000.
  • The company will seek shareholder approval for the majority of the placement, with a shareholder meeting scheduled for September 2025.
  • Oakley Capital Partners Pty Ltd is the Lead Manager on the Placement, while Zerp Capital Pty Ltd is assisting with the placement on behalf of the Company.
  • The net funds raised in the Placement will be used to further advance drilling on Dart's flagship Triumph Gold Project and Coonambula Antimony / Gold Project in Central Queensland.
  • The company will conduct a 1 for 15 consolidation of shares and options upon settlement of Tranche 2, subject to shareholder approval.
  • The company is considering a bonus options entitlement to all eligible existing shareholders, which will provide exposure to the new Options class being created through this placement.

Statistics:

  • The placement involves the issue of 1,682,352,941 new fully paid ordinary shares at 0.17 cents per share, representing a 43% discount to the company's closing price on August 8, 2025.
  • Tranche 1 will raise A$300,000, while Tranche 2 will raise a further A$2,560,000.
  • The company will seek shareholder approval for the majority of the placement, with a shareholder meeting scheduled for September 2025.
  • Oakley Capital Partners Pty Ltd will be paid a fee of 6% on funds raised, and may also receive Broker Options.
  • Zerp Capital Pty Ltd will also be paid a fee of 6% on funds raised, and may receive Broker Options pro-rata based on allocation.

Sources:

  • Dart Mining NL (ASX:DTM), News Release, August 11, 2025.
  • Listing Rule 7.1, Australian Securities Exchange (ASX).