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Torian Resources Limited (ASX:TNR) Monger Gold IPO Closed
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Torian Resources Limited (ASX:TNR) (BER:CXB) is pleased to advise that the initial public offer (Offer) of Monger Gold Ltd (Monger Gold) has successfully closed twice oversubscribed.
Monger Gold intends to only issue 25,000,000 shares to raise $5,000,000 pursuant to the Offer with the indicative market capitalisation at listing to be $5,600,000.
Monger Gold is now progressing to satisfaction of the conditions precedent detailed by the ASX and aim to have the conditions satisfied as soon as possible.
Torian will hold ~10.71% interest in Monger Gold, plus a free carried 20% JV interest in the projects until BFS.
Further information in relation to the Offer can be found at the Monger Gold website: http://mongergold.com.au/prospectus/
Peretz Schapiro
Executive-Director
info@torianresources.com.au
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