🕐22.10.09 - 02:32 Uhr

Exco Resources Ltd [EXS] - $10.1 Million Placement Completed to Advance Queensla
nd Copper Projects (Australia)



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Exco Resources Ltd [EXS] - $10.1 Million Placement Completed to Advance Queensland Copper Projects (Australia)

Exco Resources Ltd (EXS) has completed a placement to raise A$10.1m through the issue of approximately 41.3 million shares at 24.5 cents each.

The placement has been managed by Fox-Davies Capital Ltd with shares issued to two institutional investors and Exco�s largest shareholder, Ivanhoe Australia Pty Ltd (ASX:IVA).

The placement funds will be used to proactively advance and add value to the Company�s portfolio of copper projects in north-west Queensland, Australia, through:

� the drilling of priority targets within the Cloncurry Copper Project (CCP),
� the commencement of new programmes at Hazel Creek, and
� fast-tracking completion of the feasibility work for the CCP.

The Company looks forwards to providing details of results as soon as they come to hand.

To view this ASX announcement please click on the following link:

http://www.excoresources.com.au/investors-media.html




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