Indochine Mining Limited (ASX:IDC) has announced a private placement to raise $9,834,000 through the issue of 81,949,998 new IDC shares at $0.12 per share. The placement closed on 3 August 2012 with the placement finalised and shares allotted on 10 August 2012.
Further wide intercepts of gold mineralisation continue to be returned from diamond core drilling at Indochine Mining's (ASX:IDC) gold/silver project at Mt Kare, in Papua New Guinea (PNG).
Indochine Mining (ASX:IDC) has completed a capital raising of $9.8 million at 12 cents per share, via a private placement of 81,949,998 new IDC shares with new institutional and sophisticated investors, supported by some of the company's largest institutional shareholders maintaining their position.
Visible gold has been identified intermittently over 33 metres of drill core in a new prospect, approximately 1 kilometre south of the current resource, at Indochine Mining's (ASX:IDC) Mt Kare project, in Papua New Guinea (PNG).
High grade gold results in the current drilling programme continue to be produced at Indochine Mining's (ASX:IDC) gold/silver project at Mt Kare, in Papua New Guinea (PNG).
The Silver Institute has commissioned a study on the silver market in China. The study will focus on China's importance in the global silver market and will seek to identify emerging trends that could affect the silver price in the next few years.
Peel Mining Limited (ASX:PEX) is pleased to announce that CBH Resources Limited has advised that satisfaction of the farm-in agreement condition precedent regarding the Foreign Investment Review Board has now been received. Under the farm-in agreement (ASX announcement 21.05.12), CBH has the right to earn an interest of up to 50% in the project over a three-year period. This will be achieved through staged expenditure on exploration and a contribution to previous exploration costs incurred by Peel.
