Completes Share Placement For Gross Proceeds of AU$15 Million
Sydney, Feb 6, 2012 AEST (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.
About ABM Resources NL
ABM Resources (ASX:ABU) is developing several gold discoveries in the Central Desert region of the Northern Territory of Australia. The Company has a multi-tiered approach to exploration and development with a combination of high-grade production scenarios such as the Old Pirate High-Grade Gold Project, large scale discoveries such as Buccaneer, and regional exploration discoveries such as the Hyperion Gold Project. In addition, ABM is committed to regional exploration programs throughout its extensive holdings including the alliance with Independence Group NL at the regional Lake Mackay Project.
| ||
|
