BDR 0.00% 6.5¢ beadell resources limited

Just spoke to Lead manager for CR. BDR has arranged placement of...

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    Just spoke to Lead manager for CR.

    BDR has arranged placement of up to 138 million new shares at 29c to raise $40m, with an over-subscription extension of another $6m.

    CR funds to be used for:
    1) Purchase of plant enhancement such as design and construction of a new mill
    2) Ongoing exploration to increase BDR's mining stock
    3) Working capital purposes
 
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Currently unlisted public company.

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