The ASIA Miner - Magazine and News Service covering Mining in Asia.
Home arrow Current News arrow News Archive arrow June 2007 arrow AUSTRALIA-INDONESIA - Finders raises funds for Indonesia project work
AUSTRALIA-INDONESIA - Finders raises funds for Indonesia project work E-mail

Finders Resources Limited has closed its listing IPO early raising Aus$6 million.

Finders Resources executive chairman Dr Russell Fountain says: "The response from both retail and institutional investors, including existing shareholders, has been extremely encouraging and reflects investors" appreciation of the company"s advanced copper and silver-gold projects in Indonesia.

"I particularly thank existing shareholders for their continued support and confidence in the company and I welcome warmly the new investors who have joined us.

"The Finders board is focused on rapidly progressing both the Wetar copper and the Ojolali silver-gold projects towards development, while continuing to assess new opportunities in the region.

"In the immediate future, we look forward to receiving and releasing further results from the ongoing leach testwork at Wetar and the feasibility work and drilling program at Ojolali, being important steps in finalizing the initial development plans for both projects.

The ASX listing is expected to occur mid this month.

 
< Prev   Next >