re: placement RT,
I did say they would need to raise funds...
30 January 2005 Companies Announcement Office Australian Stock Exchange Limited 20 Bridge Street Sydney NSW 2000 PLACEMENT The Company is pleased to announce it has reached agreement for the placement of: (a) 69,113,654 Ordinary Fully Paid Shares at an issue price of $0.022 per Share and 69,113,654 free attaching Options ($0.05, 30 June 2008) to raise $1,520,500 (the options subject to shareholder approval); and (b) 200,000,000 Options ($0.05, 30 June 2008) at an issue price of $0.002 per Option to raise $400,000 (subject to shareholder approval). The funds will be used to develop the Denny Dalton Project in South Africa. Please find attached an Appendix 3B. Yours faithfully ANDREW WALLER Director Suite B 150 Hay St Subiaco Western Australia 6008
Telephone: + 61 8 9388 8436 Facsimile: + 61 8 9388 8450
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