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Fund Raising (USD1.1m): /FinnAust Mining Plc

Posted: October 31, 2014 | Energy & Resources | UK

Deal Feed International Reports: FinnAust Mining Plc Placing of £1.1million at 2.25 pence per share to accelerate drilling at Hammaslahti Copper, Zinc Discovery

Press Release:

FinnAust Mining plc, the AIM listed exploration company with a multi-project copper, zinc and nickel portfolio in Finland and Austria, is pleased to announce that it has raised £1.1 millionby way of a placing of 48,888,890 new ordinary shares of 2 pence each in the capital of the Company at 2.25 pence per share, with new and existing shareholders. The funds raised will rapidly accelerate the Company's rolling campaign which is being implemented across its three prospective Finnish projects, and is currently focused on the Hammaslahti Copper-Gold-Zinc Project.

Deal details sourced by the Deal Feed Team from Investegate. (Opens in new window)

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