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Announces Successful Completion of Capital Raising
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.

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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