Dome Gold Mines Ltd invites eligible shareholders to participate in a $5 million Share Purchase Plan at $0.15 per share, aiming to fund the transition to production at its Sigatoka Sands Project and exploration of other Fijian assets.
- SPP offer price set at $0.15 per share, a 6.25% discount to recent VWAP
- Eligible shareholders can invest up to $30,000 without brokerage fees
- Funds to support Sigatoka Industrial Sand and Magnetite Project feasibility and mining lease application
- Additional exploration planned on gold-silver and copper-gold-silver prospects at Nadrau
- Offer is voluntary, non-transferable, and subject to discretionary scale-back
Dome Gold Mines Moves Toward Production
Dome Gold Mines Ltd is poised to enter a significant new phase with the imminent commencement of full production at its Sigatoka Sands Project in Fiji. After years of exploration and planning, the company is now offering eligible shareholders in Australia and New Zealand the opportunity to deepen their investment through a Share Purchase Plan (SPP) priced at $0.15 per share.
This SPP, which allows shareholders to purchase up to $30,000 worth of shares without brokerage fees, is designed to raise up to $5 million. The funds will primarily support the completion of the feasibility study and the mining lease application for the Sigatoka Industrial Sand and Magnetite Project, a critical step before production can begin.
Strategic Use of Funds and Growth Potential
Beyond Sigatoka, Dome plans to allocate part of the capital raised to exploration activities on its Nadrau Special Prospecting Licence. This includes airborne geophysical surveys and geological mapping targeting gold-silver and copper-gold-silver mineralisation, sectors currently enjoying strong market demand. The company’s experienced leadership team underscores confidence in delivering shareholder value as these projects advance.
The offer is non-renounceable and non-transferable, emphasizing a direct opportunity for current shareholders to increase their stake. While participation is voluntary, the company highlights the attractive valuation at the issue price, which represents a 6.25% discount to the recent five-day volume weighted average price, potentially positioning investors ahead of a share price re-rating once production revenues commence.
Offer Mechanics and Investor Considerations
Eligible shareholders registered by 7, 00 pm on 22 August 2025 can apply for parcels starting at $1,000, scaling up to $30,000 in specified increments. The company reserves the right to scale back applications if subscriptions exceed $5 million, ensuring equitable allocation. Importantly, the SPP is not underwritten, introducing some subscription risk.
Shares issued under the SPP will rank equally with existing shares and are expected to commence trading shortly after the issue date on 17 September 2025. Investors should be mindful that the market price may fluctuate between the offer and issue dates, potentially affecting the relative value of their investment.
Dome Gold Mines encourages shareholders to seek professional financial advice to assess the suitability of participating in the SPP, given individual circumstances and market conditions.
Bottom Line?
As Dome Gold Mines transitions to production, the SPP represents a pivotal funding milestone that could reshape its market trajectory.
Questions in the middle?
- Will the SPP fully meet the $5 million target or trigger a scale-back?
- How quickly will the Sigatoka Sands Project move from feasibility to production post-funding?
- What impact will exploration results from Nadrau have on Dome’s growth prospects?