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MATSA RESOURCES LIMITED — Capital/Financing Update 2011
Aug 11, 2011
65296_rns_2011-08-11_843b40c3-5912-4441-a30e-7bd18ed28c5f.pdf
Capital/Financing Update
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LIMITED
ABN 48 106 732 487
ASX Announcement
12 August 2011
Share Placement to Progress Thailand Projects
Matsa Resources (ASX:MAT) ("Matsa" or the "Company") is pleased to advise that it has agreed to raise $624,000 via the issue of 3.12 million shares at an issue price of $0.20 each to sophisticated investors.
The proceeds from the raising will be used to further the Company’s Thailand projects, in particular for costs with respect to applications for further Special Prospecting Licences and working capital in Thailand.
Executive Chairman Paul Poli said “With the recent lifting of the gold mining moratorium by the Thai government, Matsa believes that increasing the number of its current Special Prospecting Licence Applications and expanding the area footprint of its existing application areas, will provide considerable future benefit to the Company.”
For further Information please contact:
CORPORATE SUMMARY
Executive Chairman
Paul Poli
Director
Frank Sibbel
Director & Company Secretary Andrew Chapman Shares on Issue 124 million Unlisted Options 18.75 million @ 27.3c + Top 20 shareholders Hold 59%
Share Price on 11 August 2011
23 cents
Paul Poli Frank Sibbel Executive Chairman Executive Director
Market Capitalisation $29 million
Phone +61 8 9230 3555 Fax +61 8 9227 0370 Email [email protected] Web www.matsa.com.au
Head Office: Suite 11, 139 Newcastle Street, Perth Western Australia 6000 Kalgoorlie Office: Suite 1, Vosper House, 31-33 Dugan Street, Kalgoorlie 6430 Bangkok Office: Unit 1808, Pacific Place 2, 142 Sukhumvit Road, Klongtoey, Bangkok [email protected] www.matsa.com.au
Tel : +61 8 9230 3555 Fax: +61 8 9227 0370 Tel: +61 8 9021 7200 Fax: +61 8 9021 7277 Tel : +66 0 2653 0258 Fax : +66 0 2653 0258
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BACKGROUND
About Matsa:
Matsa is an ASX listed exploration and development company based in Western Australia. The Corporate office is located in Perth with offices in Kalgoorlie and Bangkok, Thailand.
The Company aims to increase shareholder wealth through the discovery and development of mineral properties within Australia and South East Asia.
It is committed to developing its Norseman Gold Project and associated magnetite by-product to generate cash flow for shareholder benefit.
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