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Asian Mineral Resources Closes $12.5 M Rights Offering

Asian Mineral Resources Limited (ASN.TO) today announced the successful completion of its previously announced shareholder rights offering for aggregate gross proceeds of $12.5 million.

The company also provided an update on the Ban Phuc Nickel Project. Construction of the Ban Phuc nickel project continues to progress rapidly towards the June 2013 target commissioning date. In particular, the ball mill, the last piece of major equipment, is now mounted on site. The construction of the tailings storage facility continues ahead of schedule and is expected to be completed in May 2013, as planned.

ASN is near a yr low.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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