Deccan Gold Mines (DGML) - wholly owned subsidiary - Deccan Exploration Services (DESPL) has reportedly got approval from Ministry of Mines, Government of India (MoM) for the mining lease application with regard to the Ganajur Gold Project on July 24, 2015.
Recently, the company has received approval of market regulator Securities and Exchange Board of India (Sebi) to raise a little over Rs 44 crore through a rights issue. With this, the number of firms that have got the capital market watchdog's nod for a rights issue since the beginning of the year has gone up to seven.
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.
