Completion of Retail Entitlement Offer

De Grey Mining Limited (ASX: $DEG) has successfully completed the retail component of its fully underwritten 1 for 7.95 accelerated pro-rata non-renounceable entitlement offer of new fully paid ordinary shares, raising approximately A$85.6 million at the offer price of A$1.10 per New Share.

Executive Commentary on Equity Raising

The completion of the retail entitlement offer marks a significant milestone for De Grey Mining. The strong support from our retail shareholders underscores their confidence in the Company's growth prospects and the ongoing development of our projects. The funds raised will further strengthen our financial position and support the advancement of our key initiatives.

Summary of Retail Entitlement Offer

De Grey Mining's completion of the retail entitlement offer, raising approximately A$85.6 million, demonstrates the robust investor interest in the Company's future. The successful equity raising, totaling approximately A$600 million, positions the Company to pursue its strategic objectives and capitalize on growth opportunities. The new shares are expected to commence trading on Tuesday, 4 June 2024, and will contribute to the Company's continued expansion and development endeavors.