13/12/2005 - 21:00

Gryphon Minerals Ltd 9-Dec-05

13/12/2005 - 21:00

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Has arranged a private placement, to raise gross proceeds of up to approximately A$500,000 through the issue of up to 2 million ordinary shares in the capital of the company at a price of A$0.25 per ordinary share.

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STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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