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Company News

BRIEF-De Grey Mining says Kirkland Lake Gold to subscribe for 33.3 mln shares in co

Oct 2 (Reuters) - De Grey Mining Ltd:

* Kirkland Lake Gold agreed to subscribe for up to 33.3 million shares in De Grey at a price of $0.15 per share to raise $5 million

* Funds will be used for ongoing exploration and development activities at Pilbara Gold Project

* Each share under subscription to have a free attaching option exercisable at $0.20 per share Source text for Eikon: Further company coverage:

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