Finalisation of Capital Raising
The placement was finalised on Monday, 17 June 2013. The funds will be used for focused drilling of high grade "bonanza" gold zones at Indochine's Mt Kare Gold/Silver Project in PNG and working capital.
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About Indochine Mining Limited
Indochine Mining Limited (ASX:IDC) is a gold-copper exploration and development company. In Cambodia, it has the largest mining property holding in a country that has had very limited modern exploration, and is within a region known for world-class gold and copper deposits.
In Papua New Guinea (PNG), also known for large gold and copper deposits, Indochine holds an option over a major gold resource at Mt Kare. In Laos, potential exploration areas are being evaluated.
Indochine Mining Limited