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MINDAX LIMITED — Capital/Financing Update 2012
Nov 28, 2012
65308_rns_2012-11-28_22fe4c3a-080c-468a-8f1e-64bc050822aa.pdf
Capital/Financing Update
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ASX ANNOUNCEMENT
29 November 2012
THIRD TRANCHE OF PLACEMENT FUNDS RECEIVED
ASX Code: MDX
ABN: 28 106 866 442
Corporate Description
Mindax's Mt Forrest Iron Project is progressing through feasibility with a view to mining at the end of 2014.
Mindax is also the greenfields discoverer of a new uranium province near Mukinbudin, Western Australia.
Mindax also has exploration projects based in Western Australia which involve Gold and Copper.
Through technically advanced exploration and an eye for detail, Mindax has successfully built a significant portfolio of 37 mineral exploration and mining tenements covering over 4,000 square kilometres. In addition, Mindax has applications in place for water and infrastructure covering over 2,400 square kilometres in support of the Mt Forrest Iron Project development.
Mindax aims to develop strategic resources through innovative exploration. Projects will be moved to production including via strategic partnerships.
Mindax Limited ( the Company ) refers to the announcement dated 28 November 2012 regarding the receipt of a second tranche of funds to support binding commitments received to subscribe for a placement of 29,492,537 ordinary fully paid shares. The Company is pleased to advise that a third tranche of placement funds has been received in the amount of A$900,000, bringing the total funds received to date to A$2,100,000.
The Company anticipates the balance of cleared funds will be received by the end of November 2012. Once received the Company will proceed to settle the placement and instruct the Company’s share registry to allot the ordinary fully paid shares. Application for quotation of these securities will then be made to ASX Limited.
Key Projects
Mt Forrest DSO Iron, Magnetite Yilgarn-Avon JV Sedimentary Uranium Mortlock JV Copper-Gold Meekatharra Gold Address Level 2, 25 Richardson Street West Perth WA 6005 Telephone: +61 8 9485 2600 Facsimile: +61 8 9485 2500 Email: [email protected]
For and on behalf of the Board
MINDAX LIMITED
CHRISTOPHER POUGNAULT Company Secretary
Investor Enquiries
Steve Ward Managing Director and Chief Executive Officer Telephone: +61 8 9485 2600 Email: [email protected]
Media Enquiries
David Utting Mobile: +61 416 187 462 Email: [email protected]
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MINDAX LIMITED | www.mindax.com.au