24/04/2007 - 22:00

DERBY has been chosen by the state government as the site for a new prison

24/04/2007 - 22:00


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WEST Perth-based oil and gas explorer, Range Resources Ltd, has completed its $24 million placement and will move to complete the acquisition of Somalia’s Puntland oil project, the company announced this week. Following the placement, the company plans to list on London’s Alternative Investments Market. Meanwhile, Michael Kiernan-chaired mining company India Resources Ltd has announced plans to raise $10 million through a public offer to evaluate opportunities for copper mining in the region. India Resources will offer 50 million shares at 20 cents each to raise the money, as well as offering one free option with every four shares subscribed for under the offer, exerciseable at 20 cents each.


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