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Vango Mining Ltd (ASX:VAN) has raised $1.5 million via the issue of convertible notes to fund the next phase of exploration at its Plutonic Dome gold project in Western Australia.
Vango requested the halt pending details of a funding and an update on the development of The Plutonic Dome that is material to the company.
Dampier Gold Ltd (ASX:DAU) is preparing to outline details concerning the sale by the company of the Plutonic Dome Gold Project to Vango Mining Limited. The ASX has granted Dampier a trading halt to prepare. The halt will remain in place until the opening of trade on Friday 26th August 2016, or earlier if an announcement is made to the market.
Vango Mining Limited (ASX:VAN) is an ASX-listed gold mining company presently focusing on the development of the K2 Underground Development Project in central Western Australia.