Re: Placement of Shares at $2.00 per share
Goldminex Resources Limited (Goldminex) is pleased to announce it has agreed to a private
placement to raise $13.5 million through the issue of 6.75 million ordinary shares at $2.00
per share. The issue price represents a 25% premium to the $1.60 closing price on 8
August 2008.
Since listing the Company has made significant exploration progress at both prospect and
regional scale. The funds raised will be used to scale-up exploration activities, including
more intensive regional exploration and additional geophysical surveying prior to planned
drilling during the December Quarter.
Goldminex Managing Director Mr Basil Tambanis said “We are delighted to have received
the strong support for this placement from existing shareholders at a significant premium to
our historical market price, which clearly demonstrates the recognition by investors of the
potential of our projects and support of the Company’s exploration strategy. Directors wish to
thank shareholders for their continued support and look forward to providing regular updates
on the Company’s progress.”
Following the placement, Goldminex will have 67,023,722 shares on issue. The new shares
will been placed with sophisticated and professional clients of RBC Capital Markets and
Evans & Partners.
For further information on Goldminex please visit our website at www.goldminex.com.au or
contact Basil Tambanis.
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