Deccan Gold Mines – Outcome of board meeting

Deccan Gold Mines Ltd has informed BSE that the Board of Directors of the Company at its meeting held on September 29, 2015 has approved the Letter of Offer for the Proposed Rights Issue of 29,609,125 Equity Shares for cash at a price of Rs. 17 per share (including premium) aggregating to Rs. 503.36 million by Deccan Gold Mines Limited (“Issuer”). The Issue Schedule is as under:- Issue Opens on: October 14, 2015- Last date for requests for Split Application Forms : October 21, 2015- Issue Closes on: October 28, 2015.

Source: MoneyControl