that excludes me, i was half a cent out with my 8.5c guess
Placement
Hill End Gold Limited is pleased to announce that it has raised $2,795,000 through a placement of shares and
options. The placement was co-managed by Foster Stockbroking Pty Ltd and Martin Place Securities Pty Ltd to
sophisticated and professional investors via the issue of 28,511,111 shares at $0.09 per Share plus 14,255,555
attaching Options, and an issue to Directors of 2,544,444 shares and 1,272,222 options, which is subject to
shareholder approval. The Options are exercisable at 15 cents per share and expire 28 February 2012.
The Company strategy is to increase resources at the Hargraves and Hill End Projects from a combined 567,500
ounces of gold to over one million ounces. These funds will be used to continue the Companys exploration
programs and for working capital. The next drilling program at Hargraves is planned for early November 2010.
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Price($) | Vol. | No. |
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