Mincor Resources NL announced a private placement of 46,875,000 ordinary fully paid shares at a price of AUD 1.28000 for gross proceeds of AUD 60,000,000 on September 7, 2021. The transaction will include participation from existing shareholders while a number of new, high quality institutions also participated. The price per share, representing a discount of 11.1%, 6.9% and 2.4% to the last closing price, 5 trading day and 20 trading day volume weighted average market prices respectively. The transaction is expected to close on September 15, 2021. The company issue pursuant to the company's existing ASX Listing Rule 7.1 placement capacity.