Crusader Holdings Limited

Tuesday, 27 January, 2004 - 21:00

Proposed code: CAS

Issue price: $0.20

Principal activities: Gold and base metal explorer

Corporate: Mark Stowell (non-executive chairman); Murray Hodges (director); Justin Evans (director); and Jonathan Asquith (company secretary).

www.crusaderholdings.com

(08) 9481 7501

Crusader hopes to raise $2.2 million from a 20 cent a share offer that is scheduled to close on December 24.

Sponsoring broker: Montague Stockbrokers