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ST BARBARA LIMITED Capital/Financing Update 2006
65749_rns_2006-11-09_9b648336-58de-4ae6-8737-ba1483187515.pdf
Capital/Financing Update
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ACN 009 165 066 1205 Hay Street, West Perth WA6005 Telephone +61 8 9476 5555 Facsimile +61 8 9476 5500 Email [email protected] Website www.stbarbara.com.au
Sale of Mercator Gold plc shares generates \$19.2 million
St Barbara has sold its shareholding in Mercator Gold plc of 11,016,949 shares at 70 pence per share for total proceeds of A\$19.2 million. The estimated profit on sale, before tax, is A\$6.2 million.
The sale, undertaken with the knowledge of Mercator Gold plc, strengthens the Company's cash reserves; enabling planned project development and exploration expenditure to be funded from available funds.
Eduard Eshuys Managing Director & CEO
10 November 2006