News: CGN Crater Gold Mining Proposes To Undertake Capital Raising

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