Dark Horse to Raise $1,532,000 via SPP, PPA for European Projects in Final Stage of Completion

July 20, 2020 01:19 PM AEST | By Team Kalkine Media

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Dark Horse Resources (ASX: DHR) has announced the results of a recently concluded Share Purchase Plan (SPP) and an update on the Permit Purchase Agreement of new assets.

Initially, the SPP was planned to raise between $750,000 and $1,000,000 through a cash and debt conversion. However, with an overwhelming demand from shareholders, the board has decided to honour all applications, raising a total of $1,532,000 including $1,277,000 in cash and $255,000 in debt conversion. The shares are anticipated to be allotted on 21 July 2020.

Additionally, Dark Horse Resources is progressing on the Permit Purchase Agreement (PPA) for the Tampere Gold Project and Bergslagen Tungsten Project in Europe. The company anticipates the agreement to be executed within the 45-day exclusivity period.

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