what a day , page-8

re: what a day.journeying.is this it Bit to go just yet before they have it over the line if the attachment to the notice of AGM is anything to go by.
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http://au.biz.yahoo.com/061018/19/xogu.html

Australia's Aim gets funding for Burkina Faso mine

Wednesday October 18, 2006, 11:14 am

SYDNEY, Oct 18 (Reuters) - Australia's Aim Resources Ltd. (ASX: AIM.ax) said it had arranged $145 million in financing to develop a zinc mine in the West African nation of Burkina Faso, mostly from South Africa's Standard Bank SBKJ.J.

Aim, which hopes to start mining the Perkoa deposit in the Sanguie Province of Burkina Faso, 120 kilometres (74 miles) west of the capital Ouagadougou in about a year, said Standard Bank would provide $90 million in project finance facilities.

Emerging markets private equity investment group Cartesian Capital had been mandated to coordinate a $35 million convertible note issue, while brokers Seymour Pierce would coordinate a $20 million share issue, it said.

Aim is among a growing legion of small-capped prospectors racing to dig new lodes as zinc prices rise sharply while demand for the anti-corrosive alloy in steel outruns supplies.

Aim's mine is earmarked to yield 500,000 tonnes of zinc a year.

In London Metal Exchange trading on Tuesday, zinc MZN3 hit a record high of $4,020 per tonne. ($1=A$1.33)

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