RMG inks share price agreement to raise $2m for Chile property

June 8, 2016

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ASX-listed junior RMG has entered into a share subscription agreement with cornerstone investor Epoch Bliss to raise $2-million, before expenses, to fun ongoing activities at RMG’s Chile property and to review other potential opportunities within the resources sector. The agreement, through which Epoch would subscribe to about 222-million shares at 0.9c a share, would make Epoch RMG’s largest shareholder, with about 52.5% of the company’s issued capital.

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