Dateline Resources Eyes $6.25m for Colosseum
- Dateline Resources (DTR) receives firm commitments to raise $6.25 million via a share placement
- The money will be raised through the issue of 62.5 million new shares to sophisticated and professional investors priced at 10 cents each
- Additionally, more than 15.62 million unquoted options will be issued, exercisable at 13.5 cents with expiry on or before three years of the grant date
- Dateline will use the money for gold and rare earth exploration at its Colosseum project in California
- Shares in the company are down 12.5 per cent on the market and are trading at 10.5 cents at 2:01 pm AEST
