Resource stocks round-up: Rambler, Madagascar Oil, Ind. Resources ...

Companies featured in this round-up: Rambler Metals, Madagascar Oil, Independent Resources, Strategic Natural Resources

Rambler Metals and Mining said gold production in the second quarter of them miner's financial year was 4,022 ounces at its wholly-owned Ming gold and copper mine in Newfoundland. The average daily gold throughput for January was 600 metric tons per day (mtpd) with the highest one day throughput being 695 mtpd. This production rate confirms the projected tonnage rate determined by the company's feasibility study.

Madagascar Oil has placed 59m shares at 28p each, to raise $26.5m. The placing price represents a discount of 3.45% to the closing middle market price of 29p on February 21st, 2012, the last trading day prior to the announcement of the placing. The shares placed included Touradji Capital's entire shareholding of 24.95m shares. The funds from the placing will largely go towards the development of the firm's Tsimiroro asset in the Morondava Basin of Madagascar.

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