Deccan Gold Mines has received an approval for raising of funds of up to $6 million through a Rights Issue. The board of directors at their meeting held on November 19, 2014 has approved for the same. The ratio and pricing of the Rights Issue would be decided by the Board at an appropriate time.
Deccan Gold Mines has been actively engaged in the exploration for gold in some of the most promising gold mineralized blocks in India. It has been successful in identifying several smaller potential gold-bearing zones within these blocks, worthy of detailed investigation.
