Subject will epsilon be another whe Stock Code FLOATS - FLOATS Posted 21/11/06 15:55 Posted by macrae12 - Banana IP 58.7.xxx.xxx Hotcopper Radio FLOATS on BoardRoom Radio Post #1385603 - 176 reads Start of thread
I suggest you call them:
Principal Place of Business Level 1, 37 Ord Street WEST PERTH WA 6005
T: +61 8 9215 4400 F: +61 8 9215 4490
Epsilon has secured an agreement to acquire 100% of the rights to uranium mineralisation covering 8,851km² at seven projects across four Australian states. This extensive portfolio reflects Epsilon's development pipeline from early stage to more advanced exploration targets.
Epsilon is implementing a strategy that is appropriate for the current uranium exploration industry environment, by:
Securing projects that are suitable for large tonnage-low cost uranium systems; Focusing on early stage and more advanced uranium targets; Assembling professionals with experience in the uranium sector; Developing a tight capital structure providing investors with upside in the value of the uranium industry; Partnering with a proven resource company developer. The primary exploration and development targets are sandstone-hosted and calcrete-hosted uranium deposits. Both types of deposits are associated with large tonnage-low cost uranium systems and are present as world-class deposits at Beverley in South Australia and Mulga Rock and Yeelirrie in Western Australia.
The Balladonia Uranium Project, in the Eucla Basin, Western Australia, represents a large scale uranium exploration concept seeking sandstone-hosted deposits within an extensive project area covering 6,563km². The geological environment is comparable to the Frome Basin in South Australia, and the Gunbarrel Basin in Western Australia, host to more than 10 sandstone-hosted uranium deposits.
The favourable features are adjoining radiogenic granite uranium sources, large extensive palaeochannels containing rock types favourable for accumulation of uranium, and an encouraging suite of previous uranium exploration results.
The Mt Phillips Project, in the Gascoyne Complex, Western Australia, represents a more targeted and advanced exploration and development project, focusing on delineated calcrete-hosted uranium deposits. The project area contains known uranium mineral inventories over an area of 392km² with recent grab samples returning values ranging from 0.024% to 0.708% U3O8 in pits, with some exceeding 1.18% U3O8 in valleys.
Both the Chairman and Managing Director have experience in the major and junior uranium sectors, initially with the Rio Tinto Group and more recently, as Directors of Wildhorse Energy Limited and Scimitar Resources Limited, respectively.
Epsilon is seeking to raise up to $4,000,000 by the issue of up to 20,000,000 Shares at $0.20. Offers of shares in Epsilon Energy Limited will be made in the Prospectus dated 10 November 2006 and lodged with the ASIC on that date. Anyone wishing to acquire shares will need to complete an application form attached to or accompanying the Prospectus.
http://www.epsilonenergy.com.au/about.php
Friday, 17 November 2006
WITH a chairman who helped with the highly anticipated and stellar debut of newly listed Wildhorse Energy, Bruce Larson will lend his hand in another uranium outfit, Epsilon Energy, which is scheduled to open its initial public offer early next week.
The latest in a seemingly unending string of uranium outfits to hit the market, Epsilon has garnered the likes of Larson and managing director Matthew Gauci, the nephew of former MIM chief executive Vince Gauci.
Both Larson and Matthew Gauci have had a hand in Rio Tinto's Kintyre uranium project, with the latter a founding director of Scimitar Resources.
Another experienced hand to join Epsilon's boardroom is non-executive director Stefan Gawlinski, who has held positions in Oxiana and Newmont Australia.
Project-wise, Epsilon will acquire 100% of the rights to uranium mineralisation covering 8851 square kilometres of prospective tenements at seven key projects in four Australian states from nickel explorer and famed land-pegger Heron Resources.
The more advanced of the projects is Mt Phillips in Western Australia, which contains uranium mineral inventories over 392sq.km. Epsilon said recent grab samples from the project returned values ranging from 0.024% to 0.708% uranium, with some exceeding 1.18%.
Epsilon aims to raise $4 million through the issue of 20 million shares at 20c per share, and will capitalise the company at $8 million on completion of the offer. Overall 40 million shares will be on issue.
Epsilon's IPO is scheduled to open on Monday.
Other members on the board are non-executive directors Michael Dentith and Matthew Longworth.
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