DYNASTY RESOURCES LTD 22 January 2016
ASX Announcement
Dynasty Resources Limited (the Company) (ASX Code: DMA) refers to its Announcement on 18 December 2015 and confirms the Company has undertaken a placement of securities to investors raising $619,771. The Company anticipates completing the proposed placement via a second tranche in the coming weeks. The placement has been undertaken to further strengthen the Company's financial position and enable it to be in a position to allocate funds to opportunities as they arise.
This first tranche of the placement involves the issue of 24,790,840 million new ordinary shares at an issue price of $0.025 per share.
The Company recently contributed $1 million to Shanghai Chen Mao Finance Lease Co Ltd (SCFL) (refer to Announcement dated 18 September 2015) to support SCML in the development of its financial leasing business. DMA's strategic objective for SCML is that it will be cashflow positive and will in the medium term provide financial support for DMA's exploration activities.
Enquiries: Lewis Tay
Managing Director (08) 6316 4414
Dynasty Resources Limited ABN 80 110 385 709 83 Brisbane Street, Perth 6000 Western Australia
T: +61 8 6316 4414 F: +61 8 6316 4404 E: info@dynastyresources.com.au www.dynastyresources.com.au
Dynasty Resources Limited issued this content on 2016-01-22 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 2016-01-22 00:19:06 UTC
Original Document: http://www.dynastyresources.com.au/public/news_release/2016/2016-01-22,Placement_of_Securities.pdf
