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IMAGE RESOURCES NL Capital/Financing Update 2003
65117_rns_2003-09-29_e770cc10-6eeb-40c7-92e5-c4ead379dc21.pdf
Capital/Financing Update
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IMAGE RESOURCES NL
30 September 2003
The Manager Company Announcements Office Australian Stock Exchange Ltd 20 Bridge Street SYDNEY NSW 2000
2nd Floor, 35 Outram St. West Perth WA 6005 PO Box 644 West Perth WA 6872 Telephone 08 9485 2410 Facsimile 08 9485 2840 [email protected] www.imageres.com.au
ABN 57 063 977 579
Dear Sir
CAPITAL RAISING TO ENHANCE IMAGE'S SUCCESSFUL PROJECT GENERATION PROGRAMMES
The company has today resolved to issue up to 6,250,000 ordinary fully paid shares at 24 cents per share to raise up to \$1.5 million following the company having authorised Hartleys to seek to secure subscriptions on those terms when the share price was 28 cents.
The company will announce the number of shares issued and the amount raised before the market opens on Thursday 2 October 2003.
The funds raised will be used to maintain a high level of activity in pursuing Image's strategies of generating new projects, adding value by drilling where prudent and partnering with well-qualified companies. In addition, Image is continuing its search for advanced nickel and gold projects with good potential, for which some of these funds may be required.
Yours faithfully
Roger Thomson MANAGING DIRECTOR