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 Excos largest shareholder, Ivanhoe Australia Pty Ltd (ASX:IVA). The placement funds will be used to proactively advance and add value to the Companys 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 Fortbridge.NET is a specialist web-based service for clients ("Issuer") of Fortbridge Consulting Pty Ltd. DISCLAIMER: The message and attachment issued with this email may contain "forward-looking statements", which are projections that reflect the Issuer`s reasonable beliefs based on information currently available. Fortbridge is a Public Relations consultancy. PRIVACY: You have been regarded as a relevant contact through research. Please consider the environment before printing this document.
|
||||||||||||
|