Demonic - Middlemas is following the same model as he recently...

Demonic - Middlemas is following the same model as he recently did with XEN.

See below: 07/03 and $2m through his company. They were 7.3c. My early may they hit 20/25 plus etc before the news of Middlemas becoming chairman and the uranium acq (excellent land by the way) - the same will happen here but I have busted them this time so a few of us can get set early and enjoy the push.

Xenolith Gold to raise $2.1m in placement
09:12, Thursday, March 08, 2007

Sydney - Thursday - March 8: (RWE Aust Business News) - Xenolith
Gold (ASX:XEN) will raise additional working capital to enable it to
pursue opportunities in the resources sector to complement existing
resource assets.
The company will make a share placement of 35 million shares at
6c each to raise $2.1 million, subject to shareholder approval.
Three options will also be granted for every four shares
subscribed for no further consideration.
These options will be exercisable at 8c on or before June 30
2011.
In addition it will also undertake a rights issue to all existing
and new shareholders on a 1-for-5 basis and on the same terms as the
placement.
Xenolith shares last traded at 7.5c.