Ann: Mindax Concludes Capital Raising of A$7.8 M , page-6

re: Ann: Mindax Concludes Capital Raising of ... Mindax gets a mention in an article in The Australian:
http://www.theaustralian.com.au/business/eastern-star-gass-25bn-lng-plant-plan/story-e6frg8zx-1225870776716

"The biggest challenge will be attracting offshore capital, should we choose to go down that path, until there is clarity around this tax." Emerging iron ore hopeful Mindax also said yesterday it was pushing ahead with its mine plans, despite the tax, after securing an $8 million deal with Singapore-listed Lion Group.

Managing director Greg Bromley said that when the deal was being finalised, which involved Lion Group taking a 10.3 per cent stake in the junior, the issue of the tax was discussed.

"We're still in an exploration phase and it is at least two years before production will come around and who knows what the situation will be then," he said.

"Discussions were quite open and they (Lion Group) had every opportunity to worry about that and they chose not to; they see it as part of the general risk profile."

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Reinforces that Mindax did well securing finance in the current climate despite concerns about the proposed mining tax. It still isnt clear what effect the proposed tax would have on a junior explorer like Mindax.