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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.

Full Millennium Minerals profile here
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Millennium Minerals garners strong support in rights issue

29th Sep 2011, 4:30 am

Millennium Minerals (ASX:MOY) has received strong support from investors to its recent rights issue, with existing holders taking up 1.208 billion shares or 80.5% of all shares on offer.

This was despite despite the global equity markets experiencing volatile conditions and an outcome that would have likely brought a wry smile to the face of Millennium's chief executive officer Brian Rear.

The remaining 291.9 million shares (or 19.5%) will be taken up by the Underwriter and Lead Manager to the Issue, Patersons Securities.

The Rights Issue raised approximately $25.5 million before costs.

Following completion of rights issue, Millennium will have largely funded the construction of its flagship Nullagine Gold Project in Western Australia’s East Pilbara region including contingency provisions.

On completion of the issue, the Company will have cash of $41 million and $45 million in arranged debt and lease finance facilities when financial close is achieved.

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The Company is a publisher and is not registered with or authorised by the Financial Services Authority (FSA). You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

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