AUSTRALIA
PSP.AX
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Acquires Large Position in Rich 'IOCG' TENNANT CREEK GOLDFIELD
Publié le 11 juin 2007
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Company Announcement
7 June 2007
PROSPERITY ACQUIRES LARGE POSITION IN RICH 'IOCG' TENNANT CREEK GOLDFIELD, NORTHERN TERRITORY Prosperity Resources Limited (ASX:PSP) is pleased to announce that it has acquired a significant tenement package in the rich Tennant Creek Goldfield, Northern Territory.? The tenements total in
excess of 220 square kilometres and contain a number of targets prospective for copper and gold. Two (2) of the Exploration Licences are located between four (Warrego, White Devil, Orlando and Gecko) of the nine largest producing mines which have produced gold, copper and bismuth valued at over $6.5 billion at today's metal prices whilst the other Eleven (11) Exploration Licences lie in close proximity to the Pedo, Nobles Nob and Juno mines.
Re: INTERNATIONAL INSTITUTIONS? PARTICIPATE IN $5.0M PLACEMENT
The Board of Prosperity Resources Limited (ASX:PSP) wishes to advise that the Company has signed letter agreements with a group of 7 international institutions from the United Kingdom, China, Singapore, Australia and the USA to place 50,000,000 ordinary fully paid shares at 10 cent per
share with a free attaching 1 for 2 option exercisable at 20 cents per share on or before 31 May 2009 which will raise $5,000,000.?
Detailed information can be viewed on our website.? Please press download to go to the
website.
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For further information contact:
Ric Dawson (B) +61 8 9322 5872
Managing Director (M) +61 0418 892 128 | |
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