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CORAZON MINING LIMITED — Capital/Financing Update 2010
Mar 8, 2010
64747_rns_2010-03-08_704c730a-11d3-43ad-8d55-0b107aebac1a.pdf
Capital/Financing Update
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9 March 2010
The Manager Company’s Announcements Australian Securities Exchange
Allotment of Entitlement Issue Options
Graynic Metals Limited (to be renamed Xanadu Resources Limited) (Company) advises that it has allotted and issued 19,101,870 options in repect of valid applications received under the Company’s 1 for 2 option entitlement issue as detailed in Prospectus dated 27th January 2010.
Shareholders were eligible to apply for 27,742,708 options over 20c shares in Graynic at 0.5c per option (to raise $138,714).
The Directors are in discussions with the Lead Advisor to the offer, Indian Ocean Capital as to the allocation of shortfall.
The company will be seeking to have all the options listed on the Australian Stock Exchange.
Should you have any queries in relation to the above, please do not hesitate to contact the Company on (08) 6364 0518.
Yours faithfully
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Adrian Byass Managing Director Graynic Metals Limited
Level 1 PO Box 935 350 Hay Street West Perth WA 6872 Subiaco 6008 T: +61 8 6364 0518 Perth, Western Australia F: + 61 8 6210 1872 [email protected] www.graynicmetals.com.au