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Tibet Mineral to Raise Up to 1.5 Billion Yuan in Private Placing

June 22, 2010

May 7 (Bloomberg) -- Tibet Mineral Development Co. plans to raise as much as 1.5 billion yuan in a private sale of as many as 68.7 million shares.

The sale price will be at least 21.89 yuan per share, the Chinese mining company said in a statement to the Shenzhen exchange today.

To contact the reporter on this story: Jian Guo Jiang in Shanghai at jjiang@bloomberg.net

To contact the editor responsible for this story: Gregory Turk at gturk2@bloomberg.net

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