Proposed code: FWL, Issue price: $0.20, Principal activities: yalgoo iron project, Corporate: Robert H Duffin (non-executive chairman), Brett Manning (managing director), Barry E Wyatt (non-executive director), Philip J Evers (non-executive director), Graeme G Johnston (non-executive director), Neville John Bassett (company secretary), www.ferrowest.com.au , (08) 9227 2600, The company aims to raise $3 million, Underwriter: Martin Place Securities Pty Ltd