Ann: Completion of Share Placement , page-2

Something sweet for the long termers..rights issue 1 for 5 at 10.5c

Is the 10.5c sophistaced investor placement a bit generous considering the same group picked up the same amount of shares at 10c only a few months ago and since then we've upgraded the resource.

Maybe we should pat these guys on the back considering the money aint coming in from anywhere else, brokers or institutions at this stage.

Fully funded to complete the drilling. Still need about $15M for a feasability study later in the year.