Montezuma raises $3.6m in IPO

West Perth-based junior miner Montezuma Mining Company has closed its initial public offering having raised $3.6 million to fund eight gold and base metal projects in the Pilbara and Yilgarn regions.

Montezuma will list on the ASX on 9 November 2006 and will commence a two year exploration program to test a range of multi-commodity targets for gold, copper-lead-zinc, nickel and copper-gold.

The company was incorporated in May for the purpose of acquiring and exploring mineral interests in Australia and overseas.

Montezuma has eight projects covering over 1,200km² of ground in the Pilbara and Yilgarn regions, with multi commodity prospectivity including gold, copper-lead-zinc, nickel and copper-gold targets.