They've raised $2.01mil from the placement of 67mil shares at...

They've raised $2.01mil from the placement of 67mil shares at 3cents each. This means the professional investors are sitting on a 20% profit. The refurbishment of the plant will take three months, with commissioning and production scheduled to commence late in 2009. The negotiations are stated as being well advanced for the supply of spent pickle liquor, mill scale and other wastes to enable the EARS plant to commence operations in 2009.

David