Gold Mines of Sardina completes $9.4 million raising

PERTH-based Gold Mines of Sardinia said today it has successfully raised GBP3.29 million (A$9.4 million) before placing costs in a placing of 25.34 million new ordinary shares at 13 pence (A37c) each.

GMS has applied for admission for the new shares to London's Alternative Investment Market and the Australian Stock Exchange with a view to dealings commencing on February 18.