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Market: ASX
Sector: General Mining
Epic: .TOE
News: Latest news
Web Site: Toro Energy Limited
Other Articles: 18-02-201003-02-201029-01-2010

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Insurance giant Prudential has stolen the headlines this week, after their decision to buy AIA, the Asian life business of US insurer AIG, has attracted a mixed response from shareholders.

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Friday March 12, 07:58Lithium and rare earths markets poised for growth

Right now, the world relies almost completely on China for its rare-earth supply. The Chinese have made it clear that they want to keep more supply for themselves as they try to be the world leader in green technology

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Friday March 12, 07:51White Energy enters coal deal with China Guodian Group

White Energy Company (ASX: WEC; OTCQX: WECFY) has inked a non-binding heads of agreement with state owned Guodian Inner Mongolian Energy Sources Co Limited to develop a coal upgrading [...]

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Toro Energy Limited

Toro Energy Limited

Toro Energy Limited is one of Australia’s largest (by market capitalisation) emerging uranium exploration and development companies. It has the financial and technical resources to discover and/or acquire uranium projects and bring them to production in a socially and environmentally responsible manner.

Toro has a pipeline of advanced projects in Australia (Wiluna in WA, Napperby in NT), with significant JORC resources with production potential by 2012. It has premium exploration tenure for uranium in Australia and Namibia, with a highly experienced board and management with extensive knowledge of uranium exploration, mining and marketing.  The company has technical and financial support from the largest shareholder, OZ Minerals Limited.

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Friday, November 20, 2009

Toro Energy completes $21.09 million Share Purchase Plan

company news image

Emerging uranium exploration and development company Toro Energy (ASX: TOE) has wrapped up a Share Purchase Plan to raise $21.09 million as part of a strategy to advance its West Australian-based projects.

In a statement, the South Australian-based company raised $21.09 Million at $0.15 per share and determined that no scaleback will be applied to acceptances.

The successful SPP follows the recent share placements to institutional and sophisticated investors, along with the company’s major shareholder OZ Minerals.

Company secretary Donald Stephens said funds raised from the share placement and recent capital raising initiative brought the total amount of funding to about $61 million.

The funds will be applied to the Bankable Feasibility Study and approvals for Toro’s 100% owned Wiluna Uranium Project in Western Australia; exploration initiatives, including the recent discovery at Lake MacKay; and strategic, corporate and project consolidation opportunities.

Mr Stephens said Toro was now in an excellent position to take the Wiluna Uranium Project forward to an anticipated development decision in late 2011.

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