Dart Mining's Entitlement Offer Closure Announcement

Dart Mining NL (ASX:DTM) has successfully closed its pro rata Entitlement Offer, raising $1.292 million before costs. The offer included the acceptance of $582,164 from Eligible Shareholders and a scaled back Top-Up Offer, resulting in the issuance of 48,513,587 New Shares at an issue price of $0.012 per share, along with 24,256,865 unlisted New Options. Additionally, the Company will issue 59,167,568 New Shares and 29,583,784 New Options under the Shortfall Offer, raising $710,000 before costs. The funds raised will primarily be utilized for consideration payments related to the acquisition of the Triumph Gold Project, exploration activities at the Triumph and Rushworth Gold Projects, and general working capital.

Executive Commentary

The Board of Directors wishes to express gratitude to the shareholders for their participation in the Entitlement Offer. The successful closure of the offer demonstrates the shareholders' confidence in Dart Mining's strategic initiatives and the potential of the Triumph Gold Project. The funds raised will enable the Company to advance its exploration activities and strengthen its position in the gold mining sector.

Summary of Entitlement Offer Closure

Dart Mining (ASX:DTM) has concluded its Entitlement Offer, raising $1.292 million to support the acquisition of the Triumph Gold Project and fund exploration at the Triumph and Rushworth Gold Projects. The Company's ability to secure firm commitments for the entirety of the Shortfall Offer reflects investor confidence in Dart Mining's growth prospects. The raised funds will be primarily allocated to consideration payments for the Triumph Gold Project acquisition, exploration endeavors, and general working capital. Dart Mining remains focused on advancing its strategic objectives and enhancing its presence in the gold mining industry.