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Additional information
Additional Information
Market: TSX, AIM
Sector: Gold Mining
Epic: MOE
News: Latest news
Web Site: Moto Goldmines
Other Articles: 23-07-200920-07-200903-04-2009

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Thursday September 02, 11:00Baobab Resources identifies distinct ore domain at Tete’s South Zone

Baobab MD Ben James said the latest drilling results from the Tete project's South Zone characterise a distinct, higher mass recovery, ore domain.

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Thursday September 02, 08:15Indonesia edges closer toward uranium mining and nuclear power

After nearly five decades of national debate on the issue, Indonesia's central government may finally be ready to develop a national nuclear policy, which may lead to domestic uranium mining.

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Wednesday September 01, 01:25Green Dragon Gas reports significant growth as China’s thirst for energy continues

China's thirst for energy resources has continued with an increased focus on domestic supplies of gas, Green Dragon Gas chairman Randeep Grewal said today. In the company's interim results, [...]

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Moto Goldmines

Moto Goldmines

Moto Goldmines is a gold exploration and development company focused on the multi-million ounce Moto Gold Project in the Democratic Republic of the Congo where it is conducting a prefeasibility study.
Friday, April 03, 2009

Moto Goldmines agrees share issue with underwriters to raise up to CDN$57.5 mln

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Moto Goldmines Ltd (TSX: MGL; AIM: MOE) said it has agreed a fundraising with underwriters which will raise CDN$57.5 million if an over-allotment option is exercised.

It plans to use the new funds to advance the Moto gold project in the Democratic Republic of Congo as well as for general corporate purposes including working capital.

Under the deal, co-leaders GMP Securities LP and BMO Capital Markets and underwriters Haywood Securities Inc and RBC Capital Markets will take 17.86 million Moto Goldmines shares for CDN$2.80 each, raising approximately CDN$50 million gross.

The underwriters will also have the option to buy up to an additional 2,679,000 shares to cover any over-allotments, and for market stabilization purposes.

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