Monaro raises a million May 28, 2009

Monaro Mining NL (“Monaro” or “the Company”) has completed a share placement (“Placement”) raising approximately $1 million after costs. The Placement to a select group of institutional and sophisticated investors pursuant to Section 708 of the Corporations Act was completed at an issue price of 8.5 cents per share and was arranged by Azure Capital Pty Ltd.

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