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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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Friday March 12, 09:50Baobab Resources resumes drilling at Tete iron-vanadium-titanium project

Shares in the company were lifted by the news it started a 12,000 metres scout drilling campaign at its project in Mozambique, with constant updates expected in the next few months.

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Friday March 12, 01:39Circadian Technologies to present at Ultimate Healthcare & Biotechnology Event, March 24

Robert Klupacs, CEO of Circadian Technologies, recommended by US Investment Bank Merriman Curhan Ford, as "the Cheapest Little Antibody Company on the Planet" will present in Sydney.

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Friday March 12, 08:51White Energy enters coal deal with China Guodian Group

White Energy Company (ASX: WEC; OTCQX: WECFY) has inked a non-binding heads of agreement with state owned Guodian Inner Mongolian Energy Sources Co Limited to develop a coal upgrading [...]

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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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