March 10 (Reuters) - Crater Gold Mining Ltd (CGN) :
- PROPOSING TO UNDERTAKE CAPITAL
- PROPOSING TO UNDERTAKE CONSOLIDATION OF CURRENT ISSUED CAPITAL ON A 10 SHARES FOR 1 BASIS
- WILL HAVE RAISED A TOTAL OF UP TO A$22.9 MILLION (BEFORE COSTS) FROM CAPITAL RAISINGS
- CAPITAL RAISING COMPRISE OF FULLY UNDERWRITTEN 1:1 ENTITLEMENT OFFER TO RAISE A$14.9 MILLION AT A$0.12 PER SHARE
- CAPITAL RAISING COMPRISE OF PLACEMENT AT A PRICE OF A$0.12 PER SHARE TO RAISE UP TO A$8 MILLION
- PROVIDED SUBMISSIONS TO ASX SEEKING CONFIRMATION OF CONDITIONS REQUIRED FOR REINSTATEMENT OF SECURITIES TO TRADING