placement raises $736000/appendix 3b

Well that gets the placement out of the way cant say im to excited about the price they done it at including 1 for 1 options, but I guess with the sp lagging at these levels no much can be done, total cash should be around $1.1 mil enough to get alot more work done & more results out soon.

Anyone have an idea who Max Capital is?

Synergy Metals Ltd

Placement raises $736,000

The directors are pleased to advise that Synergy Metals Ltd (Synergy) has today issued 9,200,000 shares to raise $736,000. The shares were placed through Max Capital Pty Ltd (Max Capital) at 8 cents per share. In addition, and subject to receiving shareholder approval at a meeting of members still to be held, Synergy intends issuing 9,200,000 SMLOB options to the placees which will be exercisable at 10 cents per share and expire on 28 February 2007. The monies raised will be used to fund the continuing exploration and development work at the Glen Wills and Sunnyside gold project in Victoria, and for working capital purposes. A placement fee of 6% is payable to Max Capital.

For the purposes of section 708A of the Corporations Act 2001 (the Act), Synergy has issued securities without disclosure to investors under Part 6D.2 of the Act, and provides this notice in accordance with section 708A(5)(e). At the date of this notice, Synergy advises that it has complied with section 674 and the provisions of chapter 2M of the Act as they apply to Synergy; and that there is no excluded information as defined in section 708A of the Act required to be disclosed.