Northern Mining Raises Additional $0.5 Million via Placement
Perth, Oct 31, 2012 AEST (ABN Newswire) - Northern Mining Limited (
ASX:NMI) is pleased to advise that it has raised a further $0.5 million ("Shortfall Placement") at 2 cents per share from the shortfall of the recently completed Rights Issue.
The Shortfall Placement was offered to long term shareholders of the Company, as well as clients of Patersons Securities Limited and closed oversubscribed.
This additional amount, together with the proceeds from the Rights Issue (totalling $1,5 million), places the Company in a strong position to progress its gold exploration strategy.
The Company would like to thank all participants for their continuing support.
Contact
Northern Mining Limited
T: (08) 9244 8499
F: (08) 9244 3166
WWW: www.northernmining.com.au/
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