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Additional information
Additional Information
Market: ASX
Sector: General Mining
Epic: .STB
News: Latest news
Web Site: South Boulder Mines
Other Articles: 05-03-201008-02-201005-02-2010

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Monday March 15, 10:21Diamondcorp: a big cash injection and a lot of work to do

70% of the new money was raised from current shareholders, reflecting a hefty amount of faith in the management to deliver.

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Monday March 15, 11:38Calvin Klein owner buys Tommy Hilfiger for US$3 billion from Apax Partners

The New York listed shirt and neckwear company is paying €1.924 billion in cash and issuing €276 million in PVH common stock (approximately 8.7 million shares) to fund the transaction.

 

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Monday March 15, 08:01China's growth boosting commodity prices

The latest economic figures from China have put pressure on the dollar and boosted a number of high-yielding currencies, including the Australian dollar and the South African rand.

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South Boulder Mines

South Boulder Mines

South Boulder’s key projects are located within the state of Western Australia as well as in Eritrea focusing on multiple gold, nickel and fertiliser prospects. The company has an interest in the Colluli Potash Project located in the Danakil Depression region of Eritrea (Africa) approximately 200kms south east of the Capital Asmara. South Boulder also has a 100% interest in the Duketon Project in Western Australia. The Duketon Belt is located 120 kilometers north of Laverton in Western Australia and is considered prospective for gold, nickel sulphide and base metal mineralization.

 

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Friday, November 27, 2009

South Boulder Mines to raise $1.11 million to progress West Australian gold prospects

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South Boulder Mines (ASX: STB) will raise about $1.11 million to advance exploration at the company's prospects in Western Australia.

The company announced a prorata non renounceable entitlement offer of up to 5.5 million fully paid ordinary shares in the capital of the Company at $0.20 on the basis of one new share for every ten 10 shares held on the record date, to raise approximately $1.11 million.

The record date for determining the entitlement for shareholders to participate in the Entitlement Offer is 7 December 2009.

The Entitlement Offer will raise approximately the funds beforecosts, assuming the Entitlement Offer is fully subscribed or that any shortfall is placed by the directors.

Managing director Lorry Hughes said the funds would be used to accelerate exploration of the company’s recent Terminator gold discovery as well as to step up exploration at a pipeline of other gold prospects within the Duketon Gold Project, located north of Laverton in Western Australia.

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