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DISCOVERY ALASKA LIMITED — Capital/Financing Update 2012
Jan 31, 2012
64754_rns_2012-01-31_7a58a5d4-7d1f-4f35-b6b1-05e3b08ccc58.pdf
Capital/Financing Update
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Baru Resources Limited
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ACN 147 324 847 ABN 50 147 324 847 Suite 304, 22 St Kilda Road, St Kilda, VIC 3182 Phone: (03) 9692 7222 Fax: (03) 9529 8057 Email [email protected] Website www.baru.com.au
1 February 2012
NON-RENOUNCEABLE OPTION ENTITLEMENT SHORTFALL NOTICE
Board of Directors
Richard Anthon (Chairman)
Kevin Nichol (Executive Director) Peter Avery (Non-executive Director)
The Board of Baru Resources Limited ( ASX: BAC ) advise that pursuant to the Short Form Prospectus dated 23 December 2011 in relation to the Company’s non-renounceable pro-rata Option Entitlement Offer (“Offer”), the Offer closed on 27 January 2012.
Chief Executive Officer
Matt Bull
The Company wishes to advise that it has received entitlement acceptances in respect to 20,033,832 options , representing 80.46% of entitlements, with the total funds received from the entitlement acceptances being $20,033.82 .
Company Secretary
Melanie Leydin
The shortfall of 4,864,173 options will be placed at Directors disretion over the next three months.
Securities on Issue:
BAC: 49,796,009 ordinary shares
Yours sincerely,
BARU RESOURCES LIMITED
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MELANIE LEYDIN Company Secretary