Anglo Australian Resources
Anglo Australian Resources (ASX: AAR) is a focused gold and base metal explorer with a portfolio of advanced and grass roots projects in Western Australia's Eastern Goldfields, Murchison, Kimberly and the Northern Territory.
Anglo Australian Resources share placement raises $1.5 million
Thursday, September 09, 2010
Western Australia based Anglo Australian Resources (ASX: AAR) has placed 43 million shares at $0.035 to raise $1.5 million, before placement expenses.
The additional funds has been earmarked for development and exploration of the Koongie Copper Zinc Project located 25km south-west of Halls Creek in the Kimberley, an exploration drilling program at the Feysville Gold Project, plus to supplement working capital.
The placement was arranged by Bell Potter Securities.
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