NGG secures funds

NEW Guinea Gold has raised almost $C4.25 million ($US3.66 million) after closing the first tranche of a private placement designed to facilitate the Sinivit development and accelerate exploration at its Imwauna play, both in PNG.

NGG secures funds
NGG secures funds
NGG secures funds
NGG secures funds
NGG secures funds

The placement of about 10.11 million shares is part of a larger placement of 12 million units at 42c.

Each share is accompanied by half a non-transferable option at 55c exercisable within two years.

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