On July 6, 2009, Minera IRL Limited, concluded a placing of 13,615,556 new ordinary shares at a placing price of 67p per share raising gross proceeds of approximately £9,122,423 (US$15 million).
Minera IRL Limited, which is listed on AIM and the Lima Stock Exchange, is a holding company of precious metals mining and exploration companies focused in Latin America. The Group operates the Corihuarmi Gold Mine and the emerging Ollachea Gold Project in Peru.
Minera IRL Limited was advised by Fasken Martineau with a team led by Mark Camilleri and including Minay Mahidharia.