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Mozambi Coal Ltd announces placement to raise A$500,000

Sunday, 16 Mar 2014 06:12pm EDT 

Mozambi Coal Ltd:Arranges the placement of up to 50 million new fully paid ordinary shares at A$0.01 per share to sophisticated investors to raise up to A$500,000 before costs.Placement was well supported and closed, oversubscribed, on March 14.Participants in placement will also receive one free attaching A$0.02 option expiring Dec. 31, 2017 for each share issued.Funds raised from placement will be used for priority exploration activities and general working capital. 

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5 May 2015