Dateline Resources Limited’s Post

#ASXNews A$1.48 million Placement to advance the Colosseum Project Dateline Resources Limited is pleased to announce it has received firm commitments to raise A$1,478,346 (before costs) via the issue of 123,195,548 new Ordinary shares at A$0.012 per share that includes a 1-for-2 option three year option exercisable at A$0.03 per share. The Placement was undertaken at a 20% discount to the five-day VWAP. • A$1.48 million placement to sophisticated and institutional investors • Strong support from existing and new investors • Funds to be used to advance the #gold exploration program at Colosseum   Commenting on the results, #DTR’s Managing Director, Stephen Baghdadi, commented: “The wide high grade intersections have all been made within the Company’s private property boundary, where we have existing vested mining and access rights. “Given we know from historic drilling that the mineralised breccia extends another 700m below the recent intercept, we are focused on the potential to delineate a high grade gold resource that could be accessed from our private property and mined from underground to complement our current JORC resource of 813koz Au. “The Placement was well supported by a range of existing and new shareholders and we are thankful for their ongoing belief in the project and management.” Full announcement: https://loom.ly/PlINMno #DatelineResources #ASX

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