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Bullion Minerals Ltd

31-Jul-03 - Bullion Minerals Ltd

The directors have resolved to make a placement of 5,300,000 ordinary shares at 7 cents per share representing 15% of the company's issued capital. The placement will be arranged through Kirke Securities Pty Ltd.  The issue will raise $371,000 before issue costs with the estimated net amount received by the company of approximately $350,000.

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