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Mining Group Ltd Announces Entitlement Issue Shortfall Placement


Monday, 5 Nov 2012 05:37pm EST 

Mining Group Ltd announced that it has received firm commitments to subscribe for 25,202,344 new shares, comprising the remaining shortfall in the Company's pro rata renounceable entitlement issue of up to 50,202,344 new shares at an issue price of AUD 0.10 per new share, offered pursuant to the Company's Prospectus dated August 1, 2012. The Company will receive approximately AUD 2.5 million (before costs) from the shortfall placement, which will be used for exploration work at the Comval Copper Gold Project and general working capital. 

Company Quote

0.017
0.0010 +6.25%
28 Aug 2014