Sydney, Feb 6, 2012 (ABN Newswire) - ABM Resources NL (ASX:ABU) is pleased to announce that the previously announced share placement has been successfully completed. The placement, which was arranged by Canaccord BGF Limited and GMP Securities Europe LLP as joint lead managers raised grossproceeds of AU$15,125,000.
The Company would like to thank all our current shareholders for their continued support and we welcome new investors to ABM Resources. ABM Resources is a well funded exploration Company which is expanding a portfolio of assets focused on multiple gold discoveries in the Northern Territory of Australia.
ABM Resources (ASX:ABU) is an exploration company developing several gold discoveries in the Tanami-Arunta region of the Northern Territory of Australia. The Company's assets include the Twin Bonanza Gold Camp including the large scale / bulk tonnage Buccaneer Porphyry Gold Deposit which has several new extensional zones discovered in 2011 and the Old Pirate High-Grade Gold Prospect where the Company recently announced 726 metres of combined vein strike length averaging 24.01g/t gold from surface trenching (refer announcement dated 8/2/2012). In addition, regionally the Company has discoveries at the Hyperion Gold Project and the Kroda Gold Project and is also focused on unlocking the potential of one of the largest blocks of exploration licenses in Australia.
ASX:ABU) is pleased to announce that the previously announced share placement has been successfully completed. The placement, which was arranged by Canaccord BGF Limited and GMP Securities Europe LLP as joint lead managers raised grossproceeds of AU$15,125,000.
ABM Resources NL
){kind=link}