Working capital sought by Austindo

AUSTINDO Resources is aiming to raise an additional $3 million in working capital as the development of its 83.75%-owned Cibaliung gold project in Indonesia is reviewed by joint venture partners and potential financiers.

Working capital sought by Austindo Working capital sought by Austindo Working capital sought by Austindo Working capital sought by Austindo Working capital sought by Austindo

The raising will be via a placement to major shareholders (and possibly new investors) and involve 70 million shares priced at 4.3c.

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