re: Ann: Private Share Placement to Raise $9.... Chalice Gold Mines raises $9.1m for Zara Gold Project
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Chalice Gold Mines (ASX: CHN) has managed to raise approximately $9.1 million through a placement of 21,613,080 shares at $0.42 per share despite market volatility in equities.
$7.8 million will be used to exercise the option to purchase the remaining 20% interest in the Zara Gold Project in Eritrea from Dragon Mining Ltd (ASX: DRA) as announced to the ASX on 3 March 2010.
The balance will be used for working capital.
CHNs major shareholder Franklin Resources Inc. took up 11.6 million shares with a further 10 million shares being placed by Southern Cross Equities Ltd to institutional and sophisticated investors.
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Last
$1.34 |
Change
-0.050(3.60%) |
Mkt cap ! $571.8M | |||
| Open | High | Low | Value | Volume |
| $1.40 | $1.41 | $1.33 | $2.161M | 1.585M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 18387 | $1.34 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.34 | 3757 | 2 |
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