Ann: Oversubscribed Placement to Expand West Arunta Drilling, page-2

only a small raise of $1.4m at 3.3c, like i said.


Commenting on the drilling program, Rincon’s Managing Director Gary Harvey said:

“The Arunta area is one of the most exciting areas of Western Australia right now for rare earth elements discoveries, in particular Niobium, and the Company and its Corporate Advisers at CPS and Ironside, who arranged this placing, wanted to ensure that Rincon was well funded going into its maiden drilling program. This extra funding will allow the Company to significantly expand its drilling plans for the area.”