April 9, 2008
by Jo Black
Paramount’s share purchase plan
by Jo Black
Paramount Mining Corporation Limited declares that the share purchase plan announced on 19 March 2008 and which closed on 4 April 2008 was well received by the Company’s shareholders.
The share purchase plan raised $748,000 by way of an issue of 21,371,565 fully paid ordinary shares at an issue price of 3.5 cents per share.
The funds were raised under ASIC Class Order CO 02/831.
Funds raised by the placement will be applied towards the Company’s working capital to advance its ongoing exploration activities in Australia, South Africa and Ghana.
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