Shaw and Partners is pleased to be appointed as Lead Manager to the proposed capital raising by Dreadnought Resources. (ASX : DRE)

The Company is proposing to raise approximately $3.5m via a Placement of approximately 125,000,000 new ordinary fully paid shares at $0.028 per security.

The offer price of $0.028 per security represents a 8.9% discount to a 5 day VWAP of (A$0.0307) as at 19 October 2020.

The Offer is available to Australian Sophisticated and Professional Investors only.

For more information please contact your Shaw and Partners Adviser.

About Dreadnought Resources

Dreadnought Resources Limited (ASX:DRE) is a highly active Western Australian mineral exploration company with projects including the Illaara Gold-VMS-Iron Ore Project and Tarraji-Yampi Nickel Copper Gold Project in the West Kimberley. DRE is focused on delivering significant shareholder returns through the discovery of economic gold, copper and nickel deposits in the tier one jurisdiction of WA. DRE is led by a competent and successful board and management team with a track record of delivering shareholder returns.