De Grey raises funds for Indee buy

ASX-listed De Grey Mining is hoping to raise A$22-million to fund the acquisition of the Indee gold project, in Western Australia.

De Grey at the start of 2017 struck a deal with Northwest Nonferrous Australia Mining to acquire its wholly-owned subsidiary Indee Gold, which holds the Indee Gold asset to the immediate west of De Grey’s Turner River project, for A$15-million.