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May 17 - Alto Energy

Proposed code: AOI Issue price: $0.20 Principal activities: Gas exploration Corporate: Charles Morgan (chairman); Gregory Channon (managing director); Paul Fry (executive director); David Whitby (non-executive director). http://www.altoenergy.com.au (08) 6263 0460 Alto is hoping to raise $3.5 million in order to further its gas exploration efforts. Underwriter: Argonaut Securities

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