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Rusina Mining Reports UK Institutions Back Rusina with $5.75m for Nickel Project
Friday September 18, 2009, 10:56 am

Original Announcement: Placement

Rusina Mining reported that institutional investors in the United Kingdom have injected $5.75m in fresh capital to support moves by Rusina Mining to develop a nickel-chromite mine in the Philippines. The cash top-up for Rusina to clients of Mirabaud Securities comprises the issuing of 57,760,800 ordinary shares in the Perth-based emerging nickel developer, at an issue price of approximately 10 cents (or 5.25 pence) per share. Under the placement, 36,760,800 of the new ordinary shares have been issued under the 15% provision rule applying to total issued shares while the issuing of the remaining 21m shares will be subject to a vote of Rusina shareholders at general meeting in Perth on or about 29 October.

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