Capital Raising Completed
Sydney, Aug 3, 2012 AEST (ABN Newswire) - Indochine Mining (
ASX:IDC) has completed a capital raising of $9.8 million at 12 cents per share, via a private placement of 81,949,998 new IDC shares with new institutional and sophisticated investors, supported by some of the company's largest institutional shareholders maintaining their position.
The placement will be finalised and shares allotted on Thursday 9 August 2012. The funds will be used to advance the Pre-Feasibility Study on the major gold/silver project at Mt Kare, in Papua New Guinea, and for working capital.
Contact
Indochine Mining Limited
T: +61-2-8246-7007
F: +61-2-8246-7005
WWW: www.indochinemining.com
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