By Devika Patel
New York, Aug. 7 - China Goldmines plc announced it has raised £1.26 million in a private placement of stock.
The company sold 900,000 shares at 140p per share to institutional investors.
Proceeds will be used for working capital.
China Goldmines is a gold mining company with offices in China and the United Kingdom.
| Issuer: | China Goldmines plc
|
| Issue: | Stock
|
| Amount: | £1.26 million
|
| Shares: | 900,000
|
| Price: | 140p
|
| Warrants: | No
|
| Stock symbol: | London: CGM
|
| Stock price: | 155p at close Aug. 6
|
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