you dogs placement at 6.5 for 37mil shares

Better be to those UK guys that pumped the hell out of it last time.


Extract Resources Limited (ABN 61 057 337 952)
30 Charles Street, South Perth WA 6151 • P.O. Box 752 South Perth WA 6951
Telephone: +61 (08) 9367 2111 • Facsimile: +61 (08) 9367 2144 • [email protected]
ASX RELEASE
19 September 2006
Company Announcements Office
Australian Stock Exchange Limited
20 Bridge Street
SYDNEY NSW 2000
Dear Sir / Madam,
SHARE PLACEMENT TO KEY INVESTORS
The board is pleased to advise that they have been successful in securing a placement to sophisticated investors of 37 million shares at an issue price of 6.5 cents per share.
The board, having considered various funding arrangements, are confident that the key nature of the placement applicants adds considerable strength to the Company’s register.
Yours sincerely
Extract Resources Limited
……………………………..
Rance Dorrington
Company Secretary