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Argentina Mining Ltd Announces Share Placement

Tuesday, 19 Mar 2013 06:07pm EDT 

Argentina Mining Ltd announced that it has completed a share placement of 8,894,143 ordinary fully paid shares at a subscription price ofAUD0.035 to raise AUD311,295 before costs. Net proceeds from the raising will be used to fund ongoing exploration programmes at the San Francisco and Amiches gold projects and for general working capital purposes. Argentina Mining’s major shareholder, Independence Group Limited (ASX: IGO) has subscribed for placement shares to increase its interest to 19.94% in the Company. 

Company Quote

0.0010 +4.00%
8:21pm EDT