AYM australia united mining limited

News: Altius Mining completes capital raising

  1. Altius Mining (ASX:AYM) has raised a further $222,062 pursuant to the completion of a placement of ordinary shares to sophisticated investors.

    Altius has now raised a total of $1,065,459 under this placement and the placement conducted on 18 June 2014.

    The placement of 22,206,200 Altius shares was similarly made at the issue price of $0.01 per share, which represents a significant premium to the last traded price of Altius, being $0.004.

    Altius will apply the funds raised towards the recently commenced 5,000 metre diamond drilling program at its Forsayth gold project in North Queensland.

    The company is lightly valued at around $2.5 million.

     

 
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