Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Mutiny Gold raises US$2M in placement to North American strategic investor  Join our daily free Newsletter

MENAFN - ProactiveInvestors - Australia - 28/11/2012

No. of Ratings : 0
Add to Mixx!


 


(MENAFN - ProactiveInvestors - Australia) Gold-copper resources company, Mutiny Gold (ASX:MYG) has completed a placement to a strategic North American investor.

The name of the investor has not been revealed, but is expected to be a part of a larger funding package for development of Deflector Copper-Gold Project in the Murchison Region of Western Australia.

The funding package is currently in the final stages of negotiation.

The placement of USD2,000,000 has been structured as convertible loan, where the strike price for conversion will be 95% of a weighted average share price ten days after the funding package is announced.

Mutiny Gold managing director, John Greeve said, "We have had, and continue to have, strong support from the parties negotiating to provide funding for the Deflector Project.

These negotiations are now entering the final stages and completion will be a key milestone for the Company in the development of this project.

The North American strategic investor has confirmed their belief in the company and the project by taking part in this Placement ahead of this key milestone being achieved."

 






  MENA News Headlines


 
Click to Apply






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country
Marketwatch News
UPI News
Comtex News

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help