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MATSA RESOURCES LIMITED — Capital/Financing Update 2012
Feb 28, 2012
65296_rns_2012-02-28_cd22c21c-400c-4f2a-8e3f-df6388e0ee1a.pdf
Capital/Financing Update
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Matsa Resources Limited – February 2012
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LIMITED
ABN 48 106 732 487
ASX Announcement
29 February 2012
Share Placement to Progress Western Australian Assets
Matsa Resources (ASX:MAT) ("Matsa" or the "Company") is pleased to advise that it has agreed to raise $250,000 via the issue of 1,250,000 shares at an issue price of $0.20 to sophisticated investors.
CORPORATE SUMMARY
Executive Chairman
Paul Poli
The proceeds from the capital raising will be used to complete early stage and follow-up exploration programmes on the Company’s assets in Western Australia.
Matsa would also like to advise the funding arrangement with SpringTree Special Opportunities Fund LP announced in July 2011 has been terminated.
For further Information please contact:
Paul Poli Frank Sibbel Executive Chairman Executive Director
Phone +61 8 9230 3555 Fax +61 8 9227 0370 Email [email protected] Web www.matsa.com.au
Director
Frank Sibbel
Director & Company Secretary
Andrew Chapman Shares on Issue 130 million Unlisted Options 19.1 million @ 27.3c + Top 20 shareholders
Hold 58%
Share Price on 28 February 2012
21 cents
Market Capitalisation
$27.28 million
Head Office: Suite 11, 139 Newcastle Street, Perth Western Australia 6000 Tel : +61 8 9230 3555 Fax: +61 8 9227 0370 Kalgoorlie Office: Suite 10, Vosper House, 31-33 Dugan Street, Kalgoorlie 6430 Tel: +61 8 9021 7200 Fax: +61 8 9021 7277 Bangkok Office: Unit 1808, Pacific Place 2, 142 Sukhumvit Road, Klongtoey, Bangkok Tel : +66 0 2653 0258 Fax : +66 0 2653 0258 [email protected] www.matsa.com.au
Matsa Resources Limited – February 2012
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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