March 14, Geothermal Resources Ltd,

Proposed code: GHT, Issue price: $0.25, Principal activities: exploration for hot rock geothermal energy resources., Corporate: Keith Robert Johnson (chairman), Christopher William Giles (director), Kenneth Graham Williams (director), Edward James Grose (company secretary), , (08) 8338 9292, The company aims to raise $4,750,000,

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