LONDON (Thomson Financial) - AIM-listed Minco Plc. said its Canadian unit,
Orca Minerals Ltd., has raised a further C$3.63 million by placing about 7.26
million special warrants with Pacific Road Resource Funds and others at 50
Canadian cents a unit.
The money will be used mainly to further exploration and development of
Orca's Mexican mineral projects in Zacatecas.
On conversion of the special warrants to common shares of Orca, Minco's
ownership in Orca will be about 60.2 percent.
Since September 2007, Orca has raised C$8.81 million through the issuance of
17.61 special warrant units.
Mico added that Orca is working on a proposed merger with Antamena Capital
Corp., and the subsequent trading of its shares on the TSX Venture Exchange,
with the transaction expected to be complete by June 30, 2008.
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