Renaissance Minerals Ltd (RNS.AX) Key Developments | Reuters.com
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Renaissance Minerals Ltd completes placement - tranche 1


Thursday, 7 Aug 2014 02:59am EDT 

Renaissance Minerals Ltd:Says placement to raise A$6.0 mln via the issue of 92.3 mln fully paid ordinary shares in the Company.To accelerate exploration activities at its 100 pct owned Cambodian Gold Project, which will include drill testing number of new and highly prospective targets in close proximity to the 1.2Moz2 Okvau Deposit.Completes first tranche of placement with allotment of 45 mln shares at A$0.065 to raise gross proceeds of A$2.9 mln.Second tranche of further 47.3 mln shares at A$0.065 is to be issued subject to shareholder approval at general meeting to be held on Sept. 9.Issues 45 mln shares on Aug. 7 to institutional and sophisticated investors to raise gross proceeds of A$2.9 mln.Proceeds will be used primarily to fund Cambodian projects exploration; and working capital requirements. 

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