Monax Mining Limited11A Croydon Rd, Keswick, 5035Tel: +61 8 8375...

Monax Mining Limited
11A Croydon Rd, Keswick, 5035
Tel: +61 8 8375 3900
Fax: +61 8 8375 3999
Website: www.monaxmining.com.au
ABN: 96 110 336 733 Email: [email protected]
1st April 2008
ASX RELEASE
Share Placement of $1.5 million
Monax Mining Limited (ASX Code: MOX) is pleased to announce the Company has received firm commitments to conduct a placement to sophisticated investors at 22 cents per share to raise a total of $1.5 million.
In particular, the Company welcomes the support shown in the placement by Mr Rudy Gomez of RMG Services Pty Ltd.
This issue of securities will be conducted pursuant to Section 708 of the Corporations Law and does not require a disclosure document.
Following the placement the company will have 62,901,705 shares on issue. The shares will carry standard rights applicable to quoted ordinary shares in the Company and will from the date of issue, rank equally with fully paid quoted ordinary shares currently on issue. The issue is not subject to shareholder approval.
The funds raised will be used to finance immediate exploration activities at the Company’s highly prospective Manganese and Iron Ore projects at Waddikee and ongoing work at the Punt Hill IOCG project.
Yours Sincerely
Michael Schwarz
Managing Director