12 October 2012
ASX Release
Share Purchase Plan
Cobar Consolidated Resources Limited (ASX:CCU) announced
today that the Share Purchase
Plan had closed, as scheduled, at 5pm Thursday 11
October.
Applications well in excess of the target raising of $2.5M
have been received and will be scaled back. Shareholders will
receive notification of their allocations in due course.
The proceeds from the share purchase plan and the private
placement total $15M, before costs. These funds will bolster
the Company's working capital position and allow a number of
development opportunities to be brought forward.
Silver production at the Wonawinta Silver mine continues to
ramp up and the Company is targeting a production rate of
2.5M ounces silver per annum during the December 2012
quarter.
Media and investor enquiries: Trevor Shard, Company Secretary
Telephone: (03) 9869 8200
Cobar Consolidated Resources Limited | ABN 67 118 684 576
Level 10, 420 St Kilda Road, Melbourne VIC 3004 | PO Box 33312, Melbourne VIC 3004
Ph 61 3 9869 8200 | Fax 61 3 9869 8299 www.ccrlimited.com.au
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