Sydney, Australia, Jan 16, 2013 - (ABN Newswire) - Indochine Mining Limited (ASX:IDC.AX - News) is pleased to announce the successful capital raising of $7 million via private placement of 64 million new IDC shares at $0.11 per share with existing institutional and sophisticated investors. The placement will be finalised and shares allotted on Tuesday, 22 January 2013. The funds will be used for activities in connection with the recent ongoing drilling of "bonanza" gold zones, resource extensional drilling and working capital.
View the Indochine Mining announcement at the link below:
About Indochine Mining Limited:
Indochine Mining Limited (ASX:IDC.AX - News) is a gold-copper exploration and development company. In Cambodia, it has the largest mining property holding in a country that has had very limited modern exploration, and is within a region known for world-class gold and copper deposits.
In Papua New Guinea (PNG), also known for large gold and copper deposits, Indochine holds an option over a major gold resource at Mt Kare. In Laos, potential exploration areas are being evaluated.
Indochine Mining Limited T: +61-2-8246-7007 F: +61-2-8246-7005 WWW: www.indochinemining.com
Indochine Mining Limited
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