Mount Gibson Iron Ltd
25-Aug-03
Has formalized a Share Subscription Agreement with a Chinese iron ore trader, Sinom (Hong Kong) Ltd. Sinom will subscribe for 18.8 million shares at 17 cents each on or before 15 October 2003 to raise $3,196,000, and will be granted free options to subscribe for a further 18.8 million shares at 22 cents each prior to 15 October 2005.