02/03/2004 - 21:00

Kanowna Consolidated Gold Mines Ltd

02/03/2004 - 21:00

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Kanowna Consolidated Gold Mines Ltd

Kanowna Consolidated Gold Mines Ltd

24-Feb-04

Has completed a capital raising of $583,000 comprising a  placement of 7.28 million new ordinary shares at $0.08 per share. The shares have been placed to  clients of Patersons Securities Ltd who acted as lead manager to the issue.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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