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ORBMINCO LIMITED Capital/Financing Update 2006
65473_rns_2006-06-01_baade83a-9e57-459e-915a-015f3ed7312d.pdf
Capital/Financing Update
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Registered Office: PO Box 1393 West Perth WA 6872
1 June 2006
ANNOUNCEMENT AND MEDIA RELEASE
CLOSURE OF RIGHTS ISSUE
The Directors of Monaro Mining NL ("MRO") are pleased to announce the Underwritten Non Renounceable Rights Issue of 1 option for every 4 shares held on 11 May 2006 has now closed.
The number of options taken up by shareholders under the Rights Issue was 3,086,311.
The shortfall of 1,688,714 options not taken up by shareholders is being placed with the Underwriter, Douglas Financial Consultants Pty Ltd.
A total of \$478,402.50 (before expenses of the issue) will be raised by the issue of 4,775,025 options at ten cents per option and 900 shares at one dollar per share. The funds raised will be used to fund exploration on uranium exploration tenements in the Kyrgyz Republic and for working capital purposes.
Holding statements for the options will be dispatched to holders by 7 June 2006.
The Directors would like to thank shareholders for their continuing support and to thank Douglas Financial Consultants Pty Ltd for their participation in the issue.
For further information please contact:
Tel: $+61 - 8 - 9322 - 3076$ Fax: $+61-8-9322-5116$ E-mail: [email protected] Website: www.mro.com.au