Victory West Moly Limited
Victory West Moly Limited: CLOSURE OF $1.5 MILLION CAPITAL RAISING
Victory West Moly Limited / Capital Increase/Corporate Action 15.04.2010 21:17 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. --------------------------------------------------------------------------- 15 April 2010 The Manager Company Announcements Office Australian Securities Exchange Limited Exchange Plaza 2 The Esplanade PERTH WA 6000 Dear Shareholders CLOSURE OF $1.5 MILLION CAPITAL RAISING Victory West Moly Limited (ASX: VWM, the Company) is pleased to inform the market that it has closed the placement of 10,000,000 ordinary shares and 5,000,000 listed options (exercisable at $0.20, on or before 24 February 2012) to sophisticated and institutional investors to raise $1,500,000 which was oversubscribed. These additional funds will strengthen the Company's cash position as it continues its exploration programme of its Malala Molybdenum Project, Sulawesi, Indonesia. The granting of the abovementioned options are subject to shareholder approval at the Company's next General Meeting to be convened shortly. Yours faithfully ROBERT HYNDES Chief Executive Officer 15.04.2010 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Media archive at www.dgap-medientreff.de and www.dgap.de ---------------------------------------------------------------------------
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