Macmin Silver raising around $6m in placement13:31, Monday,...

Macmin Silver raising around $6m in placement
13:31, Monday, March 06, 2006

Sydney - Monday - March 6: (RWE Aust Business News) - Macmin
Silver Ltd (ASX:MMN) will raise around $6 million through a private
placement to a number of professional investors.
The terms of the placement are one share and half an option at
36c.
The funds will be used for working capital at the Twin Hills
silver mine once production starts mid year.
An expanded exploration program will be initiated on the silver
prospects along with evaluation of other silver resource opportunities
with the aim of adding to the resource base.
Macmin Silver shares were up 2.5c to 39.5c.
ENDS