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TALONX RESOURCES LIMITED — Capital/Financing Update 2007
Feb 25, 2007
65972_rns_2007-02-25_997a8f0b-0014-4ef3-95b8-e7905a03f111.pdf
Capital/Financing Update
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MOUNT BURGESS MINING N.L.
ACN: 009 067 476
Level 4, 109 St Georges Terrace, Perth, Western Australia, 6000 PO Box Z5301, St Georges Terrace, Perth, Western Australia, 6831 Telephone: (61 8) 9322 6311 Email: [email protected] Facsimile: (61 8) 9322 4607 Website: www.mountburgess.com
ASX RELEASE
26 February 2007
SHARE PLACEMENT
The Company is pleased to announce that it has reached agreements to place 15,000,000 shares to sophisticated investor clients of State One Stockbroking Ltd and other professional investors, at an issue price of \$0.07 per share, to raise \$1,050,000.
Funds from this placement will be applied to working capital, RC and diamond core drilling, metallurgical test work, down hole surveying, geochemical sampling, assaying and resource modelling and estimation on the Company's base metals project at Kihabe in Botswana and on adjoining ground in Namibia.
For recent results refer to the Company's website: www.mountburgess.com.
For further information please contact:
Nigel Forrester Telephone: +61 89 322 6311 Email: [email protected] www.mountburgess.com