Gold Investing News » Minco Gold Raises $4.4M from Accel China

Minco Gold Raises $4.4M from Accel China

September 24, 2009 @ 10:34 am In Gold Company News

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 ^[1].

Click here for Minco's corporate website ^[2].

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URLs in this post:

[1] Click here for the full press release: http://www.marketwire.com/press-release/Minco-Gold-Corporation-TSX-MMM-1050062.html

[2] Click here for Minco’s corporate website: http://www.mincogold.com/