Minco Gold Raises $4.4M from Accel China
Minco Gold (TSX:MMM) announced today that Accel China Grouth Fund II has agreed to purchase 5,000,000 shares at $0.88 per share for total proceeds of $4.4 million. The financing was not brokered and represents 10.3% of the issued and outstanding shares of Minco Gold.
The press release is quoted as saying:
The net proceeds from the Offering will be used for the continued exploration and development of the Company’s properties located in the Peoples Republic of China.
Click here for the full press release.
Click here for Minco’s corporate website.
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Thu, Sep 24, 2009
Post by Melissa Pistilli, Gold Senior Reporter