Dundas Minerals' Capital Raise Announcement

Dundas Minerals Limited (ASX: $DUN) is undertaking a capital raise of up to $1.5 million to fund ongoing exploration at the Windanya and Baden-Powell gold projects. The capital raise includes a non-renounceable pro-rata Entitlement Offer and a $1.0 million issue of unsecured and unlisted Convertible Notes to professional and sophisticated investors.

Executive Commentary on Capital Raise

The capital raise places Dundas Minerals in a sound position for future exploration and business development opportunities. The funds will be utilized for ongoing exploration, evaluation of growth and business development opportunities, administration and corporate costs, and working capital purposes.

Summary of Dundas Minerals' Announcement

Dundas Minerals (ASX: $DUN) is raising up to $1.5 million through a non-renounceable pro-rata Entitlement Offer and a $1.0 million issue of unsecured and unlisted Convertible Notes. The company aims to strengthen its balance sheet to continue exploration at its current projects and assess future business development and growth opportunities. The capital raise is intended to support Dundas Minerals' ambitions for exploration and potential expansion in the gold-rich Kalgoorlie region and southern Albany-Fraser Orogen, Western Australia.