DGR Global Limited Stock Market Press Releases and Company Profile
D'Aguilar Gold Limited (ASX:DGR) Advises That Solomon Gold Plc (LON:SOLG) Successfully Raised A$24.2 Million
D'Aguilar Gold Limited (ASX:DGR) Advises That Solomon Gold Plc (LON:SOLG) Successfully Raised A$24.2 Million

Brisbane, Oct 25, 2010 AEST (ABN Newswire) - D'Aguilar Gold Limited (googlechartASX:DGR) are extremely pleased to draw the attention of shareholders to Friday evening's announcement by Solomon Gold Plc (googlechartLON:SOLG) regarding the closure of a successful placement of approximately 54 million shares at 28 pence to raise approximately AUD24.2 million.

The successful raising underwrites Solomon Gold's exploration program for the next 12 months, including drilling on the Company's 100% owned project on Fauro Island in the Solomons, where management believes it has the potential to host a world class gold deposit with geological similarities to Lihir. Funds will also be used for the expansion of the Company's previously announced resource from its Queensland projects.

D'Aguilar Gold Limited holds 35.2 million shares in Solomon Gold, which now equates to 12.6% of the expanded issued capital.

The full announcement, together with an overview of Solomon Gold and its projects can be viewed at the company's website http://www.solomongold.com.

Contact

Mr Nicholas Mather
Managing Director

Karl Schlobohm
Company Secretary

D'Aguilar Gold Ltd
Ph: +61-7-3303-0680
http://www.daguilar.com.au



ABN Newswire
ABN Newswire This Page Viewed:  (Last 7 Days: 2) (Last 30 Days: 18) (Since Published: 3409)