Junior explorer Dragon Mining's plan to delist from the ASX and join the Hong Kong Stock Exchange appears set to be delayed by several months, along with its proposed $17.5 million capital raising.
Junior explorer Dragon Mining has announced plans to delist from the ASX as it progresses its listing on the Hong Kong Stock Exchange, while also revealing a $17.5 million capital raising.
Dragon Mining executive director Brett R Smith will be employed full time from the end of May, temporarily relocating to the company's Scandinavian operations.
Is $1,500 per day plus all reasonable expenses a good rate of pay for the top executive at a junior mining company in the midst of a cost-cutting drive? Read Business News' latest quarterly salary survey to learn more.
Dragon Mining has become the latest victim of falling commodity prices, with the Perth-based company announcing it has suspended activities at its nickel mine in Finland.
Perth-based precious metals explorer Dragon Mining NL hopes to raise $30.9 million through a non-renounceable rights issue, with plans to use the funds to close out its hedge book.
Perth-based precious metals explorer Dragon Mining NL has reversed a decision to purchase a Ukranian gold project as site vendor, Perth company Eurogold Ltd, commences legal action against the government's decision to temporarily close the mine.
Perth-based precious metals explorer Dragon Mining NL has announced plans to purchase the main asset of fellow Perth company Eurogold Ltd, the Ukranian Saulyak gold project, in a scrip deal worth $13 million.
