April 22 - Echelon Resources

Proposed code: ECH Issue price: $0.20 Principal activities: Gold and base metals exploration. Corporate: Ian Middlemas (non-executive chairman); Matthew Yates (executive director); Mark Pearce (non-executive director); Shane Cranswick (company secretary). (08) 9322 6322 The company is attempting to raise $1 million in order to do further exploration work on its portfolio of Queensland tenements. The offer is not underwritten. Ceased to be a substantial shareholder

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