INDO MINES LIMITED 
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ANNOUNCEMENT TO THE AUSTRALIAN SECURITIES EXCHANGE: 16 JANUARY 2012
CAPITAL RAISING UDPATE
Indo Mines Limited (ASX: IDO) (Company or Indo Mines) is
pleased to announce that it has received confirmation that
the Rajawali Group Board has approved proceeding with the
$13.2 million placement in the Company pursuant to a
subscription agreement (Agreement) entered into between the
parties.
A General Meeting is being held on 30 January 2012 for
shareholders to approve the placement of
57.3 million shares at $0.23 to the Rajawali Group
representing a 19.9% strategic holding in the
Company.
The significant cash injection from the Rajawali Group
provides cornerstone funding to the Company to assist in
completing construction and commissioning of the
demonstration plant at Karawuni, additional testwork required
for development of the iron sands project and completion of
project finance due diligence.
Enquiries: Martin Hacon, Managing Director & CEO
Telephone: +64 2163 4419
ABN: 40 009 245 210
Level 1, 15 Rheola Street, West Perth WA 6005
Tel: +61 8 9322 1825 Fax: +61 8 9322 1826
| distribué par | Ce noodl a été diffusé par Indo Mines Limited et initialement mise en ligne sur le site http://www.indomines.com.au. La version originale est disponible ici. Ce noodl a été distribué par noodls dans son format d'origine et sans modification sur 2012-01-16 04:01:46 AM et restera accessible depuis ce lien permanent. Cette annonce est protégée par les règles du droit d'auteur et toute autre loi applicable, et son propriétaire est seul responsable de sa véracité et de son originalité. |
| Documents associés | |
| 16/01/2012 Capital Raising Update pdf 26 KB |
