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DREADNOUGHT RESOURCES LTD — Capital/Financing Update 2011
Feb 10, 2011
64785_rns_2011-02-10_f8340313-22ed-422b-9c75-4d1e11fcfd4d.pdf
Capital/Financing Update
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ASX Announcement
11 FebrUArY 2011
M I N I N G
EXERCISE OF OPTIONS
The Manager Companies Announcements Office
Australian Securities exchange 20 bridge Street SYDNeY NSW 2000
erO Mining Limited (“erO” or the “Company”) is pleased to announce that it has raised A$312,000 following the exercise of unlisted options. The options were exercised at 5 cents each at a premium to erO’s closing price on the ASX on 10 February 2011.
The Company intends to use proceeds for general working capital and to fund the Company’s first drilling program on its wholly owned lithium project at Wertaloona Station (eL4601) in South Australia.
All erO Directors participated in the option exercise, including CeO, Mr Shane Gale, Chairman, Mr bob Kennedy, executive Director, Dr Neville Alley, non-executive Director, Mr Hector Gordon. Former Directors of South east energy Limited, Mr reg Nelson and Mr Glenn Davis and other associates also participated.
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Shane Gale Chief Executive Officer 11 February 2011
erO Mining Limited ACN 119 031 864
62 beulah road Norwood South Australia 5067
PO box 3126 Norwood South Australia 5067
Phone 61 8 8132 7970 Fax 61 8 8132 7999 email [email protected] web www.eromining.com
FOR FuRthER inFORMatiOn
Please contact erO Mining Limited on 08 8132 7970, or
Investor relations: Mr Duncan Gordon, executive Director, Adelaide equity Partners on 08 8232 8800 or 0404 006 444
Further information relating to erO Mining Limited and its various exploration projects can be found on its website: www.eromining.com
ERO Mining Limited 1