La Mancha puts $116m into G Mining

Mineral exploration company G Mining Ventures (GMIN) has closed C$151.3-million in private placement financing for the development and construction of its Tocantinzinho gold project, in Brazil.

The company this week closed the second and final tranche of a private placement agreement, pursuant to which it issued 29-million shares at C$0.80 each to Luxemburg-based La Mancha Investments for total proceeds of C$23.2-million.