PERTH, WESTERN AUSTRALIA -- (Marketwire) -- 05/20/11 -- Chalice Gold Mines ('The Company') (TSX: CXN)(ASX: CHN) announces that it has agreed to place 32,000,000 shares at A$0.30 per share to raise approximately A$9.6 million before issue costs (the 'Placement').
The funds raised from the Placement will be used for the further exploration and development of Chalice's projects in Eritrea and for general working capital
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