Eromanga spin-off backedJuly 25, 2006 11:30pmArticle from: The...

Eromanga spin-off backed

July 25, 2006 11:30pm
Article from: The Advertiser





INVESTORS can still peg an early claim on Eromanga Uranium shares after its parent company's shareholders voted to spin it off yesterday.
Maximus Resources shareholders voted to divest the company as a separate Australian Stock Exchange-listed vehicle, set up to exploit the company's uranium holdings.

Shareholders will be able to buy into related company Flinders Diamonds or Maximus until the close of business on Wednesday, August 9, and get on the priority list for shares. With previous SA-based listings such as Toro Energy and Monax mining being well oversubscribed, this opening could put some support under Flinders and Maximus shares in the coming week.

Eromanga is seeking to raise $15 million - with over-subscriptions up to $20 million - before listing on the ASX.

The company's Eromanga project, acquired by Maximus in January, has 18 exploration licence areas covering 16,216 sqkm in SA and the NT.

in todays local rag.
gettin so bright im gonna need shades