Victory West Moly Limited: Closure Of $1.5 Million Capital Raising
15.04.2010 | Marketwire
15 April 2010The Manager
Company Announcements Office
Australian Securities Exchange Limited
Exchange Plaza
2 The Esplanade
PERTH WA 6000
Dear Shareholders
CLOSURE OF $1.5 MILLION CAPITAL RAISING
Victory West Moly Limited (ASX: VWM, the Company) is pleased to inform the
market that it has closed the placement of 10,000,000 ordinary shares and
5,000,000 listed options (exercisable at $0.20, on or before 24 February
2012) to sophisticated and institutional investors to raise $1,500,000
which was oversubscribed.
These additional funds will strengthen the Company's cash position as it
continues its exploration programme of its Malala Molybdenum Project,
Sulawesi, Indonesia.
The granting of the abovementioned options are subject to shareholder
approval at the Company's next General Meeting to be convened shortly.
Yours faithfully
ROBERT HYNDES
Chief Executive Officer
15.04.2010 21:17 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Medienarchiv at www.dgap-medientreff.de and www.dgap.de
Unternehmen: Victory West Moly Limited - ISIN: AU000000VWM8