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ORBMINCO LIMITED — Capital/Financing Update 2012
Jul 8, 2012
65473_rns_2012-07-08_f3144751-8a0e-4ea8-a9c5-8f0ac632a82c.pdf
Capital/Financing Update
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9th July 2012
ASX Release By e-lodgement
Dear Sir/Madam:
Second Convertible Security and Second Ordinary Share placement with New York-based Institutional Investor
Australian-American Mining Corporation Limited (“AusAmerican” ASX: AIW, OTC.QX: OZAMY) is pleased to announce that it has received a further AUD$350,000 from the Australian Special Opportunity Fund, LP an institutional investment fund managed by the Lind Partners, LLC. (Lind)
The AUD$350,000 which has been received represents the Further Investment under the agreement with Lind, details of which can be found in the announcement released to the market on 29 February 2012. The total amount invested by Lind to date is AUD$700,000. An Appendix 3B and a Cleansing Statement in relation to the Further Investment are attached.
The funds will be used for project evaluation, the purchase of the Grants Ridge uranium projects package and for working capital purposes.
Regards,
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Jim Malone Company Secretary/Executive Director
For further queries please contact either; Chairman, Mark Ceglinski on [email protected]; Managing Director, Richard Holmes on [email protected]; or Company Secretary, Jim Malone on [email protected]
ENDS
Australian American Mining Corporation Ltd ABN 99 073 155 781 Level 6, 5 Mill Street, Perth, WA, Australia, 6000 Telephone: (08) 9325 5568 Facsimile: (08) 9325 5574