Announces Successful Completion of Capital Raising
Sydney, Aug 7, 2013 AEST (ABN Newswire) - Indochine Mining Limited (
ASX:IDC) is pleased to announce the successful capital raising of $3 million via private placement of 38 million new IDC shares at $0.08 per share with institutional and sophisticated investors. The shares are expected to be allotted on Tuesday, 13 August 2013.
The funds will be used for activities in connection with resource extensional drilling at Mt Kare Gold/Silver Project PNG, and working capital.
Contact
Indochine Mining Limited
T: +61-2-8246-7007
F: +61-2-8246-7005
WWW: www.indochinemining.com
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