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Cours Or & Argent

Mundo Minerals Limited

Publié le 08 février 2010

Capital Raising

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Mundo Minerals Ltd (ASX: MUN)

 

ASX RELEASE                                                                                                                           8 February 2010

 

 

Mundo Minerals - Capital Raising

 

?        15% placement raising A$3.16m; and

?        Non-renounceable rights issue to raise up to an additional A$12.6 million

 

Overview:

 

Mundo Minerals Limited (ASX code: MUN) is pleased to announce that it has today completed a placement of A$3.16 million through the issue of 21.04 million shares at 15 cents per share.

 

BBY Limited was Lead Manager to the Placement.  Patersons Securities and Taylor Collison were Co-Managers to the Placement.

 

The directors of Mundo Minerals are also pleased to announce a non-renounceable rights issue to shareholders on the basis of offering one share for every two shares held at the record date at a price of 15 cents per share.

 

The proposed timetable for the rights issue is as follows:

  • Record date for determining entitlements:                   17 February 2010
  • Offer documents dispatched to shareholders               19 February 2010
  • Acceptances close                                                       5 March 2010
  • Securities quoted on deferred basis                             9 March 2010
  • Normal trading of securities                                         11 March 2010

 

The injection of up to A$15.76 million into the Company?s balance sheet provides strong financial support for the ongoing development of the Company?s assets and will enable the Company to properly drive the strategy towards enhancing the production base.

 

Placement funds will be used to repay the $2 million loan from Anglo Pacific Group previously advanced and for working capital.  The repayment of these funds means the convertible note issue announced in November 2009 will no longer proceed.

 

The funding from the rights issue will primarily be used to fund developing the Crista deposit through to production via the Engenho treatment plant including infrastructure improvements required to increase the production throughput of existing facilities. Expenditure will include a second ball mill, additional tankage and a gravity circuit.

 

In addition, rights issue funds will be used to continue development at the Torrecillas gold project in Peru and finalise the feasibility study as well as finalising the drilling programme at the Jaquiera gold project in Brazil.

 

Overall, the directors believe that the equity raising and introduction of the larger funding provides a stronger platform for the Company to drive its stated asset development strategy and the financial structure of the Company is more appropriately aligned with the potential growth requirements of the Company?s assets.

 

Summary:

 

Mundo Managing Director, John Langford said, ?The equity raising provides a platform for the company to drive its stated asset development strategy and positions the company appropriately with the assets to drive the potential growth requirements of its projects.

 

For more information, shareholder briefing sessions will be at 4.30pm at the following venues.

 

                        8 February 2010          Parmelia Hilton 14 Mill St Perth WA

                        9 February 2010          The Weston, 205 Collins St Melbourne VIC

                        10 February 2010        Sofitel Sydney Wentworth 61-101Phillip St Sydney NSW

                        11 February 2010        Sofitel Hotel 249 Turbot St Brisbane QLD

 

John Langford

Chief Executive Officer

 

8 February 2010

 

Competent Person?s Statement

The information in this report that relates to Exploration Results and Mineral Resources is based on information compiled by Mr Jean-Marc Lopez who is a Member of the Australasian Institute of Mining and Metallurgy. Mr Lopez is employed by Mundo Minerals Limited and is the Company Exploration Manager. Mr Lopez has sufficient experience which is relevant to the style of mineralisation and the type of deposits under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the ?Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr Lopez consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

 

About Mundo Minerals

 

Mundo Minerals is an Australian-domiciled international gold company with a portfolio of medium- sized gold projects in South America. Currently, the Company has four projects at different stages of development ? three (including its first production asset) in Brazil and one in Peru.

 

Mundo Minerals? corporate strategy is based on the development of a sustainable production base of more than 250,000 ounces of gold per annum in the medium term. The Board has assessed all of the assets within the Mundo portfolio, at their current stage of development, as having strong potential to deliver a sustainable production base.

 

The Engenho Gold Project, which is located in the State of Minas Gerais in Brazil, is forecast to produce at an initial annualised rate of approximately 30,000 ounces per annum. Mundo?s other assets in South America include the 100%-owned Torrecillas Gold Project in Peru, and the Tocantins Gold Project and Jaqueira Gold Project in Brazil. These projects have the potential to yield multiple resources to underpin the Company?s long-term growth.

 

The Board is pragmatic in its approach to developing the corporate asset base and all projects will be developed according to robust commercial parameters.

 

 

 

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Mundo Minerals Limited

EXPLORATEUR
CODE : MUN.AX
ISIN : AU000000MUN9
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Mundo Minerals Limited est une société d’exploration minière d'or basée en Australie.

Son principal projet en développement est CRISTA au Bresil et ses principaux projets en exploration sont JAQUEIRA, TOCANTINS et ENGENHO au Bresil et TORRECILLAS au Perou.

Mundo Minerals Limited est cotée en Australie. Sa capitalisation boursière aujourd'hui est 9,7 millions AU$ (9,8 millions US$, 7,5 millions €).

La valeur de son action a atteint son plus haut niveau récent le 29 février 2008 à 1,02 AU$, et son plus bas niveau récent le 10 août 2012 à 0,03 AU$.

Mundo Minerals Limited possède 201 375 177 actions en circulation.

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Présentations des Compagnies de Mundo Minerals Limited
17/09/2009Expecting Major Progress in FY10
29/04/2008Eagle Research Report
Nominations de Mundo Minerals Limited
18/08/2010Senior Executive Appointment and Project Financing Update
01/12/2008Appointment of Chief Operating Officer
14/06/2007Update on Torrecillas Project, Peru and Key Appointment
Projets de Mundo Minerals Limited
27/05/2010(Engenho)Broker Report from Eagle Research
17/03/2010(Engenho)Second Satellite Gold Discovery Confirmed at Engenho
19/02/2010(Engenho)Production on Track as Peru Trial Mining Delivers Record
12/02/2010(Torrecillas)Project Development Update
14/01/2010(Engenho)Production Resumes at Engenho Gold Mine
09/09/2008(Engenho)Open BriefingR. CEO Gives Engenho Production Update
08/09/2008(Engenho)Engenho Production Update, Funding Facility and Project Reso...
15/08/2008(Engenho)Third Priority Gold Target Identified at Engenho
04/08/2008(Engenho)Crista Anomaly Channel Sample Assays and Widths
31/07/2008(Engenho)Significant Gold Results from Crista, Engenho Tenements
30/07/2008(Engenho)Open Briefing®. Mundo Minerals. Engenho Production & Other P...
03/06/2008(Engenho)Engenho Plant Commissioning Update
05/05/2008(Engenho)Open Briefing®. Mundo Minerals. Engenho Commissioning & Grow...
01/05/2008(Engenho) Engenho Gold Production Commences
08/04/2008(Engenho) Projects Update - Engenho Exploration Potential Upgraded
04/12/2007 Significant Diamond Drilling Intersection at Tocantins
10/09/2007Spectacular RAB Drilling Results From Tocantins
Communiqués de Presse de Mundo Minerals Limited
11/04/2011(Crista)Update on Crista Approvals following key resolution on propo...
04/03/2011Announces $10-15M capital raising to drive gold production a...
04/06/2010Projects and Development Update, June 2010
22/04/2010March 2010 Quarterly Report
08/02/2010Capital Raising
29/01/2010Quarterly Report December 2009
23/11/2009AngloPacific Group agrees A$5million funding for Mundo Miner...
28/10/2009September 2009 Quarterly Report
16/09/2009Exploration and Market Update
23/07/2009June 2009 Quarterly Report
17/07/2009Corporate Weekly Wrap
13/07/2009Crista Update: Resource Drilling Commences Following Further...
09/06/2009Encouraging Results from Initial Drilling at Crista
09/06/2009CEO on Corporate Production Plans
15/06/2009Fat Prophets Research Report
25/05/2009Company Update - Operations and ProductionGrowth
04/03/2009Market Update and Financial Guidance - March 2009
02/02/2009Open BriefingR.Operating Performance & Ramp-up
28/01/2009December 2008 Quarterly Report CORRECTED*
28/01/2009Quarterly Activities Report December 2008
28/07/2008June 2008 Quarterly Activities Report
18/06/2008Completes First Engenho Gold Pour
13/06/2008Announces Key Board Transition
28/04/2008 Quarterly Activities Report
25/03/2008 Expands and Enhances Asset Base in Brazil
11/02/2008Mundo Minerals - Tocantins Joint Venture Update
08/02/2008 Engenh's Revving Up - Lodge Partners Research Report
04/02/2008Update on Engenho & Exploration
31/01/2008Upgrades Gold Production Forecast From South American Mine
29/01/2008Quarterly Activities Report
13/11/2007 Project Progress Report November 2007
03/09/2007Open Briefing - Outlines Upside at Projects
17/08/2007August 2007 Project Progress Report
18/07/2007$18M Capital Raising to Secure Developments of South America...
09/07/2007RAB Drilling Upgrades Discovery Potential at Tocantins
18/04/2007Additional Significant Assay Results - Torrecillas Gold Proj...
16/04/2007Go-Ahead for South American Gold Mine
10/04/2007Significant Underground Sampling Assays at Torrecillas
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