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Equity for Austindo development

FRESH from a $US26 million injection from the ANZ Bank, Indonesian focussed Austindo Resources has announced a further capital raising of $A18.7 million to fund the development of the Cibaliung gold project in Indonesia.

Ben Sharples
Equity for Austindo development

Austindo said Austock Corporate Finance had undertaken a placement of 447.9 million shares at 3.6c each to raise $16.1 million. The placement has been made to new and existing institutional and sophisticated...

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