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ASX junior announces A$100M raising

Austino Resources Group has entered into a binding subscription agreement with a company controlled by its chairman for a A$100 million placement.

ASX junior announces A$100M raising ASX junior announces A$100M raising ASX junior announces A$100M raising ASX junior announces A$100M raising ASX junior announces A$100M raising

Midwest Resource Finance Group, whose sole director and shareholder is AustSino executive chairman Chun Ming Ding, has agreed to subscribe for 7.7 billion shares in AustSino at 1.3c each.