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IMAGE RESOURCES NL — Capital/Financing Update 2007
Sep 6, 2007
65117_rns_2007-09-06_3746175f-e2a7-4401-8607-88906ca1b14a.pdf
Capital/Financing Update
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ASX Code: IMA
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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
7 September 2007
Company Announcements Office Australian Stock Exchange Limited 4[th] Floor, 20 Bridge Street SYDNEY NSW 2000
Another Private Investor Increases Stake in Image
Image Resources NL is pleased to advise that another private investor has further increased their shareholding in the Company by committing to a placement of 1 million shares for a total of $2 million.
The company welcomes the commitment which gives the directors confidence and additional acknowledgement that the extensive work completed to date within the mineral sands sector has been very successful and the funds placed will assist the Company in its efforts to further develop the mineral sands projects.
The placement is being made to a sophisticated investor within the definitions contained in Section 708 of the Corporations Act 2001 ( Act ) and is an offer that does not therefore require disclosure within the terms of that Act.
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