Mantle Mining Corporation Limited (ASX: MNM) “Mantle”, is pleased to announce that it has entered into an agreement with Cygnet Capital Pty Ltd to raise $1,350,000 by way of a placement of 10,000,000 shares at 13.5 cents per share along with one free attaching listed option (7.5c, 1 December 2013) for every two shares allotted under the placement.
The placement will be made within the Company’s 15% capacity pursuant to Listing Rule 7.1 to investors qualifying under section 708 of the Corporations Act.
The new capital raised will be used to fund the Company’s existing exploration programs and for general working capital purposes.
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