Mozmin Resources Pty Limited (Mozmin) has today successfully closed its first tranche of seed capital raising ($75,000) from a select group of sophisticated investors.

Director Adam Schofield said this was the first step towards establishing Mozmin as an Industrial Minerals Company.

The funds raised will provide basic operating capital till June 2014 by which time  Mozmin intends to have been admitted onto the Australian Securities Exchange (ASX).