Dundas Minerals announced share placement to advance exploration at central and Matilda south

Dundas Minerals Limited (ASX: DUN) announces that it has received commitments totalling AU$1.6 million from several professional and sophisticated investors to subscribe to a placement of 4,000,000 new Dundas Minerals shares at an issue price of AU$0.40 per share, to raise gross proceeds of AU$1,600,000. The Placement Shares will treated equally with existing ordinary shares. Allotment of the Placement Shares is expected to occur on or about Thursday, 17 November 2022.

Funds raised from the Placement will be used in the exploration at its Central exploration target in 2023 and for a maiden drilling program at its Matilda South prospect in early 2023. Matilda South is now fully permitted and ready to drill.

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