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BOAB METALS LIMITED — Capital/Financing Update 2012
Feb 27, 2012
64540_rns_2012-02-27_8e4bd684-afbc-4465-acb3-2821eee48501.pdf
Capital/Financing Update
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PO Box 180, West Perth WA 6872
Ph: +61 (0)8 9485 0911 Fx: +61 (0)8 9485 0955
Email: [email protected] Website: www.jaguarminerals.com.au
28 February 2012
Company Announcements Office Australian Stock Exchange Limited Level 8 Exchange Plaza 2 The Esplanade Perth WA 6000
Dear Sir/Madam,
RE : JAGUAR ANNOUNCES PLACEMENT TO RAISE $437,500
The Board of Jaguar Minerals Limited (ASX code: JAG) is pleased to announce that it has raised $437,500 before costs, through the placement of 17,500,000 shares to sophisticated investors at an issue price of $0.025 per share.
The placement has been made pursuant to the company’s 15% capacity.
Funds raised from this placement will be applied towards working capital and in particular contributions toward its 20% holding in the Mt Jukes JV. The board of Jaguar also continues to look at expanding its resources portfolio through a range of options possibly involving asset acquisition, joint venture and other such avenues and continues to evaluate such opportunities.
An Appendix 3B will be issued shortly.
Yours faithfully,
Richard Monti Non-Executive Chairman