Duration Gold Limited, the Zimbabwean focussed gold exploration and production company, is pleased to announce the closing of tranche one of its US $8.0 million private placing. Subscribers included a UK based Institutional fund manager and high net worth individuals.

The funds raised will be used to accelerate Duration's business plan, including the following:

- Resource and reserve confirmation drilling,

- Expansion of the Vubachikwe mine's CIL processing plant's capacity to 30,000 tonnes per month, a project already well advanced,

- Specific acquisitions, and

- General working capital purposes.

To see details visit the full press release.