Minco Gold Announces C$4.4 Million Private Placement by Accel China Growth Fund

Vancouver-based Minco Gold Corporation announced that it has entered into an agreement with Accel China Growth Fund II L.P., a fund under management by IDGVC Capital Partners located in China.  The agreement involves the purchase, on a non-brokered private placement basis, of 5 million common shares in the capital stock of Minco Silver at a price of C$0.88 per share for aggregate gross proceeds of up to C$4.4 million. The offering represents 10.3% of the issued and outstanding common shares of Minco Gold. Minco Gold Corporation is a mining company involved in the direct acquisition and development of high-grade, advanced stage gold properties.