AI assistant
TALONX RESOURCES LIMITED — Capital/Financing Update 2008
May 4, 2008
65972_rns_2008-05-04_33513a88-c96b-412e-a050-cc87812823ba.pdf
Capital/Financing Update
Open in viewerOpens in your device viewer
==> picture [406 x 37] intentionally omitted <==
ACN: 009 067 476
==> picture [277 x 43] intentionally omitted <==
ASX RELEASE
5 May 2008
SHARE PLACEMENT
The Company is pleased to announce that it has reached agreements to place 20,000,000 shares with clients of State One Stockbroking and other professional investors, at an issue price of $0.035 per share, to raise $700,000.
Funds from this placement will be applied to resource estimation, resource and exploration drilling, assaying drill hole samples, surveying drill holes, metallurgical testwork, soil geochemical sampling, geophysical interpretation and working capital on the Company’s base metals and diamond projects in Botswana and Namibia.
The aims of the current drilling programme at the Company’s base metals project in Botswana are to extend the Kihabe Zinc/Lead Resource and develop a resource at the Nxuu Prospect, seven kilometers east of Kihabe.
For a summary of recent results please refer to the Company’s March Quarterly Report on website: www.mountburgess.com.
For further information please contact:
Nigel Forrester
Telephone: +61 89 322 6311 Email: [email protected] www.mountburgess.com