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IMAGE RESOURCES NL — Capital/Financing Update 2008
Feb 14, 2008
65117_rns_2008-02-14_4735e7d1-9003-46a9-883e-5660e41de077.pdf
Capital/Financing Update
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ASX Release ASX code: IMA 15 February 2008
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2[nd] 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
EMU NICKEL RAISES $10 MILLION
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The directors of Image Resources are pleased to report that the Emu Nickel NL initial public offering (proposed ASX code: EMU), has closed after raising $10 million. The raising has been achieved despite difficult market conditions and indicates the extent of support for the spin-out of quality nickel assets from Image, allowing Image to focus on its core heavy mineral projects.
Holding statements and notifications will be mailed to applicants within the next week.
Emu Nickel was incorporated to farm in to nickel assets acquired by Image over a number of years. Upon listing on ASX at the end of February, Emu plans to immediately instigate geochemical and geophysical surveys on several of its nickel projects. In addition, exploration programmes are already in progress on the Emu Lake, Kambalda West and Woongaring nickel projects as announced in the December 2007 quarterly report.
For more information on the company visit www.imageres.com.au
Please direct enquiries to:
George Sakalidis Roger Thomson Managing Director Executive Director Phone (08) 9485 2410 Phone (08) 9485 2410 Mob 0411 640 337 Mob 0419 969 183
Roger Thomson Executive Director Phone (08) 9485 2410