Additional Information
Market: ASX
Sector: General Mining - Gold
EPIC: MOY
Latest Price: A$0.02  (0,00%)
52-week High: A$0.02
52-week Low: A$0.01
Market Cap: A$65.55M
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Millennium Minerals
www.millenniumminerals.com.au

Millennium Minerals Limited (ASX:MOY) is an emerging metals company focused on the exploration and development of a large tenement portfolio in the East Pilbara region of Western Australia. The high-quality portfolio encompasses a large gold inventory and a secondary molybdenum project.

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Millennium Minerals underwritten renounceable rights issue to raise $6.21m

13th Oct 2010, 11:58 am

Western Australia based Millennium Minerals (ASX:MOY) will raise A$6.21 million before costs through a underwritten renounceable rights issue of two new shares for every five shares held, at an application price of $0.029.

Millennium said funds will be allocated for mine development, exploration and general working capital.

Patersons Securities was the lead manager and underwriter.

Shares will trade ex-rights and rights trading commences on Tuesday 19 October, with trading in the new shares expected to commence on Monday 22 November.

Millennium recently increased the gold mineral resource inventory for the Golden Eagle, Shearers and Otway deposits by 90,000 ounces, which is based at its Nullagine Gold Project in Western Australia.

The global mineral resource estimate is now 34.41 Mt grading at 1.13 g/t for 1,247,200 contained gold ounces.

Measured and indicated total 1,022,000 ounces.

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