DGR Global (ASX:DGR) - Founder & Managing Director, Nick Mather
Founder & Managing Director, Nick Mather
Source: DGR Global
Market Herald logo

Find out more about this capital raise

Be the first with the news that moves the market
  • DGR Global (DGR) has entered back-to-back trading halts while it considers, plans, and executes a capital raise
  • The company will remain in the halts until October 12 or when an announcement is made, whichever occurs first
  • In its annual report, DGR revealed it had a total revenue and other income of just under $5 million, an increase from the $3.6 million last financial year
  • However, it reported a loss of more than $5.9 million, an increase of more than $1 million from last year
  • Shares in DGR last traded for 9.6 cents on October 5

DGR Global (DGR) has entered back-to-back trading halts while it considers, plans, and executes a capital raise.

The company will remain in the halts until October 12 or when an announcement is made, whichever occurs first.

At this point, DGR is yet to disclose how much it will be raising or what the funds will go towards.

In its annual report, DGR revealed it had a total revenue and other income of $4,997,448, an increase from the $3,633,587 reported on last financial year.

However, it reported a loss of $37,214,546, down from a $14,327,892 profit from the year ending June 30, 2019.

DGR last entered a trading halt in April ahead of a $5.67 million non-renounceable entitlement offer.

The company stated it would use the funds to develop its business and its investment in its subsidiaries, and meet strategic goals.

Shares in DGR last traded for 9.6 cents on October 5.

DGR by the numbers
More From The Market Herald
Agrimin (ASX:AMN) - CEO, Mark Savich

" Agrimin (ASX:AMN) prepares for capital raise amid SOP offtake

Fertiliser development company Agrimin (AMN) has entered a trading halt while it plans a capital raise.

" GWR Group (ASX:GWR) to launch fresh cap raise

Junior miner GWR Group (ASX:GWR) has started the week in a trading halt as it prepares…

" Artemis Resources (ASX:ARV) enters trading halt for capital raise and dual listing

Artemis Resources (ASX:ARV) has entered a trading halt regarding a capital raise and proposed dual AIM…

" Austin Metals (ASX:AYT) halts trade, eyes fresh capital

Austin Metals (ASX:AYT) has placed its shares in a trading halt in regards to an upcoming…