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Minera Gold Ltd Announces Placement And SPP Offer

Wednesday, 19 Jun 2013 07:49pm EDT 

Minera Gold Ltd announced that it has resolved to raise $650,000 in a placement to existing professional and sophisticated investors through the issue of 65 million new shares at $0.01 (Placement). Participants in the Placement will receive one free attaching option exercisable at $0.03 on or before 30 June 2016 for every two shares placed. In conjunction with Placement the Company announces that it will undertake a share purchase plan (SPP) with existing shareholders on the register at 19 June 2013 entitled to purchase up to $15,000 worth of MIZ shares at $0.01. The SPP will be capped at $1,450,000 with the Company accepting valid applications on a first come first served basis. The funds raised via the Placement and SPP will be used to continue to advance development at the Torrecillas gold mine, undertake further surface exploration on the Tumi and Tessie targets in Peru, repay $750,000 to Anglo Pacific Group plc and for general working capital. 

Company Quote

19 Dec 2014