Austindo to boost coffers by $20.9 million

MELBOURNE-based Austindo Resources is planning a placement and rights issue to raise $A20.9 million which the company believes will be sufficient for it to reach first gold pour from the Cibaliung gold project in Indonesia.

Austindo to boost coffers by $20.9 million Austindo to boost coffers by $20.9 million Austindo to boost coffers by $20.9 million Austindo to boost coffers by $20.9 million Austindo to boost coffers by $20.9 million

The company said the $20.9 million to be raised from the placement and rights issue, if fully subscribed, was part of the previously announced $US35 million ($A41.

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