Dec 13 (Reuters) - Vimy Resources Ltd (VMY) :
- ANNOUNCE THAT A$3 MILLION WAS RAISED THROUGH A PLACEMENT TO INSTITUTIONAL AND SOPHISTICATED INVESTORS
- COMPANY WILL ISSUE APPROXIMATELY 66.7 MILLION FULLY PAID ORDINARY SHARES AT AN ISSUE PRICE OF $0.045 PER SHARE
- FUNDS WILL BE USED TO PURSUE OFFTAKE CONTRACTS FOR MULGA ROCK PROJECT AND EXPLORATION WORK PROGRAMS FOR ALLIGATOR RIVER PROJECT
