Placement of Shortfall Securities
Sydney, May 14, 2018 AEST (ABN Newswire) - Mustang Resources Ltd (
ASX:MUS) (MTTGF:OTCMKTS) is pleased to announce that it has placed 21.74 million fully paid ordinary shares at 2.3 cents to raise $500,000 before costs under the recently completed Entitlement Offer.
The placement was supported by sophisticated and professional investors in Australia and overseas, with one Chinese investor subscribing for approximately 50% of the placement.
DJ Carmichael Pty Ltd acted as Lead Manager for the Placement.
About New Energy Minerals Ltd
New Energy Minerals Ltd (ASX:NXE) (FRA:GGY) is an ASX listed junior mining company, that recently announced the divestment of the Company's Caula vanadium - graphite project and the Montepuez Ruby project in Mozambique.
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