Mutiny's minimum rate for IPO down to $1.5 million

South Perth based mining company Mutiny Gold Ltd has lowered the minimum subscription rate for its Initial Public Offer to $1.5 million after announcing it had reached its minimum subscription level of $2 million earlier this month.

In the supplementary prospectus supplied to the Australian Stock Exchange, Mutiny states that its directors had decided that the revision was in the best interests of the company, shareholders and potential investors, and did not believe that the revision would adversely affect the company's mining programs or was adverse from an investor's perspective.