placement out, page-19

Yeap $3. It's my opinion that $3 would have to be a strong support level now. Quite surprised at the sell down but its on very low volume. Most are sitting tight.

Streitberg knows they have achieved a very positive outcome.

"It (the size of the raising) is about the right amount to be sure of our funding to at least the first six months of next year and not enough to provide any substantial dilution to shareholders," Mr Streitberg said."

"We just want to put ourselves in a strong position going forward."

Full article below.

http://au.news.yahoo.com/thewest/business/a/-/wa/13954513/buru-raises-50m-for-exploration/