PERTH, WESTERN AUSTRALIA -- (Marketwire) -- 05/20/11 -- Chalice Gold Mines ('The Company') (TSX: CXN)(ASX: CHN) announces that it has agreed to place 32,000,000 shares at A$0.30 per share to raise approximately A$9.6 million before issue costs (the 'Placement').
The funds raised from the Placement will be used for the further exploration and
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