IDC indochine mining limited

Ann: Private Placement Allotment and Cleansing No, page-2

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    re: Ann: Private Placement Allotment and Clea... "Completion of Capital Raising and Cleansing Notice
    Indochine Mining Limited (ASX:IDC) ("Indochine" orthe "Company") is
    pleased to announce the successful completion and allocation of a capital
    raising of $13,188,000 million via private placement of 94,200,000 new IDC
    shares at $0.14 per share with new and existing institutional and sophisticated
    investors, clients of Empire Securities and Petra Capital. The Company
    welcomes Capital Group, one of the world’s largest fund managers, as the lead
    new institutional investor.
    The placement was finalised and shares allotted on Tuesday, 6 November 2012.
    The funds will be used for working capital and activities in connection with the
    recent drilling identifying “bonanza” gold zones, assaying of completed drill
    holes, and a resource upgrade.
    Ian Ross, the Chairman of Indochine said“the support of major institutional
    shareholders, including the first time investment by one of the world’s largest
    fund managers, reinforces the much larger potential ofthe Mt Kare gold/silver
    project and the Company’s approachto deliver this project”.
 
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