Paramount raises $283,500 from share placement
Wednesday, December 19 2012 - 03:26 AM WIB
By Harry Roy Gunawan
ASX-listed Paramount Mining Corporation Limited announced that the company has completed a share placement to London-based investors raising $283,500.
It said that the placement was made through the issue of 4,050,000 fully paid ordinary share at an issue price of 7 cents per share.
The raising will support ongoing development activities at the Company?s Gunung Rosa high grade gold-silver-base metal project in West Java Province, the company said in the statement to the ASX.
Editing by Adianto P. Simamora