🕐04.09.12 - 09:27 Uhr

MOZAMBI COAL [ASX: MOZ] - CAPITAL RAISING - KAR MINING CO



MEDIA DISTRIBUTION BY
Mozambi Coal [ASX: MOZ] 
http://www.mozambicoal.com/


Capital raising - KAR Mining Co

Mozambi Coal Limited (ASX: MOZ) has successfully negotiated the terms of a private  placement with KAR Mining Co through the issue of 17,000,000 ordinary shares at A$0.08 to raise A$1,360,000.

KAR is a private company incorporated in the Kingdom of Saudi Arabia.  KAR is a wholly owned subsidiary of the KAR Group, a mining and industrials focused company with large-scale operations throughout the Middle East region.

The Company intends to use the funds for additional working capital to fund its existing exploration programme as well as to fund future potential acquisitions in the region.

Click here for full announcement

For further information, please contact: 
 
Bill Kemmery
Fortbridge
T: +612 9003 0477
M: +61 400 122 449
E:  
 
Jeffrey Coote
Fortbridge
T: +61 2 9003 0477
M: +61 404 275 665
E:






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