Indophil Resources announces an A$189 million private placement

Indophil Resources NL announced an institutional placement to raise approximately A$24.5 million and a 1 for 1 pro-rata non-renounceable entitlement offer, to raise approximately A$165 million with the issue price under the Placement and Entitlement Offer at A$0.35 per new security.

Indophil Resources NL is an Australian company that explores and develops gold and copper-gold opportunities.