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G11 RESOURCES LIMITED — Capital/Financing Update 2010
Aug 4, 2010
64956_rns_2010-08-04_5901c56a-76ee-44ea-bff7-9460970bdc6c.pdf
Capital/Financing Update
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ASX and Media release: 5 August 2010
Lawson Gold up and running
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Lawson Gold shares commence trading following successful $4.7 million IPO
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RAB drilling program and regional soil survey nearing completion
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Initial assays results from exploration drilling due in coming weeks
Shares in Kalgoorlie-focused explorer Lawson Gold commenced trading on the ASX today following the successful completion of an IPO that raised $4.7 million at $0.20 per share
Lawson Gold (ASX: LSN) now has 24.9 million shares on issue (of which 1.5 million are subject to escrow.)
Lawson Gold intends to commit to an aggressive drilling campaign on its tenements locate approximately 20 kilometres to the north of Kanowna Belle in the Kalgoorlie Gold Fields of WA.
Previous exploration in the area was predominantly focused on nickel, rather than gold, and several surface soil anomalies and alteration zones are now the subject of exploration.
During the offer period detailed surface and near surface soil sampling and RAB drilling was undertaken on Lawson’s behalf by former parent Ferraus Ltd.
This work was undertaken both to meet tenement expenditure commitments and more importantly, to give Lawson Gold a flying start.
First assay results from this work are expected over coming weeks.
The Directors look forward to sharing in future success with the new shareholders of Lawson Gold.
Further information:
For further information visit www.lawsongold.com, or contact:
David Hillier (Chairman) on 08 8418 8541 or 0408 236 408 David Turvey (Executive Director) on 08 8418 8656 or 0416 119 583
Media enquiries to:
Simon Jemison – Collins Street Media on 03 9224 5319 or 0408 004 848