Northern Mining Limited
ABN 30 113 654 229
COM P AN Y DI RECTO R STony Ong - Chairman
Adrian Black Andrew Nai Danette Cheung
M A NA G E ME NTPatrick Tan - CFO / Co Sec
AS X Code: N M I, N M IOCurrent Shares on Issue:
872,967,612 (NMI)
36,215,034 (NMIO)
ADDR ESSSuite 24, 25 Walters Drive
Osborne Park WA 6017
PO Box 1007, Scarborough
WA 6922
T: +61 8 9244 8499
F: +61 8 9244 3166
E: admin@northernmining.com.au www.northernmining.com.au
ASX ANNOUNCEMENT
18 November 2013
Northern Mining Limited (The Company) is pleased to announce that it has raised $785,688 via a private placement of 65,473,982 shares at an issue price of 1.2 cents each with professional and sophisticated investors from Singapore, namely Mr Chia Soon Loi for 40,000,000 shares (total $480,000) and Mr Gerald Woon Tai Hwee for 25,473,982 shares (total $305,688).
The placement does not require shareholder approval as it comprises the remaining balance of the Company's placement capacity under Listing Rule
7.1.
This follows the just concluded one for one pro-rata non-renounceable entitlement issue raising $5.24M which has received strong support from the shareholders and investment community. It shows the confidence investors have in the Company's assets, Board and Management. The Company is now well placed financially to progress its activities.
The placement was made without a prospectus pursuant to Part 6D.2 of the Corporations Act 2001. An Appendix 3B and notice under section 708A(5)(e) of the Corporations Act 2001 will be issued shortly.
Patrick Tan
Chief Financial Officer/Company Secretary T: + 61 8 9244 8499distributed by |