Indochine raises A$5.5m, sells 85% of Cambodia gold assets
ASX-listed Indochine Mining has completed the first part of a A$26.3-million capital raising, and has signed a deal with fellow-listed Capital Mining to dispose of an 85% shareholding in its wholly owned subsidiary, which owns gold assets in Cambodia. Earlier this month, the precious metals developer announced a planned capital raising through an entitlement offer and share placement. The company said on Tuesday that it had raised the first A$5.5-million of the capital from existing eligible institutional shareholders, whose offers under the entitlement offer was accelerated. The balance of the entitlement offer would open on October 15, with eligible shareholders able to subscribe for two new shares for every five existing shares. The offer would close on November 1. … Indochine owns a number tenement packages in Cambodia, covering some 4 300 km2 and forming two blocks known as the Kratie and Ratanakiri projects.
Esmarie Swanepoel
http://www.miningweekly.com/article/indochine-raises-a55m-sells-85-of-cambodia-gold-assets-2013-10-08
