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Consolidated Tin completes $2 Million Shortfall Placement Pre-Feasibility Study and Drilling to commence in near term
Oct. 07, 2010 05:03PM PST
Industrial MetalsConsolidated Tin Mines (ASX: CSD) announced that is has raised $2 million from placement of the Company’s remaining shortfall shares arising from the non-renounceable Entitlement Issue that was closed on 3 August 2010.
Consolidated Tin Mines (ASX: CSD) announced that is has raised $2 million from placement of the Company’s remaining shortfall shares arising from the non-renounceable Entitlement Issue that was closed on 3 August 2010.
The press release is quoted as saying:
The Company advises that it has successfully placed 50 million shares at a price of 4 cents per share of its Entitlement Issue shortfall to sophisticated and professional investors. This placement of shares completes the placement of the Entitlement Issue shortfall.