"MELBOURNE--Asset manager BlackRock Inc. and specialist resource fund Baker Steel have increased their holdings in Indochine Mining Ltd. after the gold explorer raised funds for the development of a project in Papua New Guinea.
BlackRock's stake in Indochine has climbed to 8.6% from less than 5% following a share placement by the Sydney-based company, while Baker"
...
"Indochine last month raised A$8.25 million (US$8.1 million) through the private placement of shares at 15 Australian cents each, primarily with the company's largest institutional shareholders. "
http://www.marketwatch.com/sto…e-mining-stake-2012-06-05