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STELLAR RESOURCES LIMITED Capital/Financing Update 2006
65860_rns_2006-08-30_f43ce62f-441a-47f3-ab4b-5d763f8fd5c0.pdf
Capital/Financing Update
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Offer to Stellar Resources Limited shareholders in the proposed listing of UraniumSA Limited
On 1 August 2006 Stellar Resources Limited (Stellar) announced to ASX that it had entered into a Joint Venture (JV) with UraniumSA Limited (UraniumSA) for uranium exploration on six of Stellar's exploration licences in the Tarcoola region of the central Gawler Craton. The joint venture arrangement was conditional on UraniumSA completing a successful initial public float by the end of this year.
Uranium SA has now advised Stellar that a Prospectus was lodged with ASIC on Friday 25 August 2006 seeking to raise $6.0 million through the offer of 30 million 20 cent shares.
Eligible Stellar shareholders on the Stellar Resources Limited share register on Friday 1 September 2006 will receive a copy of the UraniumSA prospectus and a personalised Priority Application Form.
Any eligible Stellar shareholder wishing to acquire shares in UraniumSA will have to complete the personalised Priority Application Form accompanying the Prospectus
Further information regarding UraniumSA is on their web site at www.uraniumsa.com.au.
31 August 2006
www.stellarresources.com.au [email protected]
Telephone +61
For further details please contact:
| Tom Burrowes | ||
|---|---|---|
| ASX Code: SRZ | Tel: | $(03)$ 9909 7618 |
| ABN 96 108 758 961 | Email: | [email protected] |
| Suite 713 Exchange Tower530 Little Collins Street | Chris Anderson | |
| Melbourne Victoria 3000 | Tel: | (08) 8363 1589 |
| Australia | Email: | [email protected] |
| elephone +61 3 9909 7618 | or visit our Website at: http://www.stellarresources.com.au | |
| Facsimile +61 3 9909 7621 |