20th Sep 2006 07:00
Murchison United NL20 September 2006 ASX,AIM and Media Release 20 September 2006 PLACEMENT TO SOPHISTICATED INVESTORS TO RAISE A$1,500,000 Murchison United NL ("Murchison" or "The Company") (ASX:MUR, AIM:MUU) The Directors of the Company are pleased to announce they have reached anin-principle agreement with Hartleys Limited for a placement of 25,000,000ordinary shares at an issue price of A$0.06 to sophisticated clients of HartleysLimited to raise gross proceeds of A$1,500,000. The funds raised will be used bythe Company for: • the exploration programmes at its uranium projects in Guinea andMauritania; • the evaluation of alternatives for progressing and realising value fromits Millenium copper project in Queensland, Australia and its joint ventureinterest in the Maroochydore copper project in Western Australia (subject tocreditor approval of Renison Bell Ltd - subject to Deed of Company Arrangement);and • the ongoing investigation of other resource opportunities in Australiaand internationally. Application will be made to the AIM market of the London Stock Exchange ('AIM')for admission to trading of these ordinary shares. The Company will notify themarkets when this has been completed. Please call Mark Reilly or Joe Schiavi on +61 8 9322 4071 with any queries. ............................ Mark Reilly Managing Director This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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