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Finalisation of Capital Raising
Finalisation of Capital Raising
Sydney, June 17, 2013 AEST (ABN Newswire) - Indochine Mining Limited (ASX:IDC) is pleased to announce the finalization of a capital raising of $3,850,000 million via private placement of 55,000,000 new IDC shares at $0.07 per share with existing institutional and sophisticated investors (before costs).

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.

To view the full release, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-IDC-740320.pdf

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.

 


Contact

Indochine Mining Limited
T: +61-2-8246-7007
F: +61-2-8246-7005
WWW: www.indochinemining.com



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