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OGI Group Limited, Increase in Underwriting Commitment and Commencement of Trial Mining Program

-  Commitment of an additional $500,000 in Underwriting for the Prospectus
-  Equipment deployed to the Save River Diamonds Project site in Mozambique
-  Commencement of trial mining program
7 January 2015: OGI Group Limited (OGI, the Company), is pleased to announce that it has received an additional $500,000 underwriting commitment for the upcoming $3.5M capital raising by a Prospectus. The total underwritten amount now stands at $1.55M.
As announced to the market on the 11 December 2014, the Company has decided to proceed with the $3.5M capital raising at 20 cents per shares (subject to shareholder approval). The money raised will provide the Company with substantial funds in addition to the funds raised by way of equity loans to progress the Company’s diamond and graphite projects in Mozambique.
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