NIUMINCO Group Limited has completed the issue of 150,000,000 shares at $0.004 per share to raise a $600,000.  Patersons Securities Limited acted as lead manager to the Placement.

The shares will be issued under the company’s capacity under Listing Rules 7.1 and 7.1A and the company now has an issued capital of 1,831,060,440 ordinary fully paid shares following this Placement.

The funds will be applied to advance further development of its flagship Edie Creek Gold Mine and to strengthen the balance sheet ahead of completing the drilling the programme at Edie Creek Gold Mine and the upcoming drilling campaign at Bolobip.