plenty of money to progress the gold (and diamond) aspects of...

plenty of money to progress the gold (and diamond) aspects of the company.

ASX ANNOUNCEMENT
5 May 2006
PRO RATA NON RENOUNCEABLE RIGHTS ISSUE
The directors of Oropa Limited (“Oropa�) wish to advise that the
offer to the Company’s shareholders, and placements made
subsequent to the closure of that offer on 3 February 2006, closed at
5.00pm, Wednesday 3 May 2006.
The non renounceable rights issue, if fully subscribed, was designed
to raise $3.82 million. The Company’s directors are extremely
encouraged that as at the closing date the issue has raised
$3,582,626.46, excluding the costs and fees associated with the
issue, through the issuance of 25,590,189 shares and 12,795,104
options expiring 31 December 2006. Funds raised from the issue
have and are being directed towards significant ongoing exploration
and development programmes at the Pungkut gold project in North
Sumatra,Indonesia, plus ongoing corporate overheads.
Subsequent to the closure of this offer and after all shares and
options are listed , Oropa will have 93,816,886 shares on issue, along
with 12,795,104 listed options expiring on 31 December 2006
exercisable at 20 cents per share, plus 13,280,776 listed options
expiring at 31 December 2007 exercisable at 50 cents per share.
The Company’s directors wish to thank all shareholders and
investors who have subscribed to this offer.
OROPA LIMITED
PHILIP C CHRISTIE
Director
ASX CODE: ORP
Share Price: A$0.135
Issued Shares: 82.18m
Market Cap: A$11.1m
Options .50c ORP 13.28m
CORPORATE
25 Charles Street
South Perth WA 6151
Ph: +61 8 9368 4544
Fax: +61 8 9368 4522
Email: [email protected]
www.oropa.com.au
ABN: 77 009 241 374
BOARD OF DIRECTORS
Brian Hurley Chairman
Phillip Christie Director
Rod Murchison- Non-Executive
Director
Bruce Tomich Non Executive
Director