OmegaCorp float finalised

PERTH-BASED heavy mineral sands explorer OmegaCorp Ltd has announced the final details for the float of its wholly-owned, uranium-focused, subsidiary Mantra Resources Ltd, aiming to raise $6.4 million. Existing shareholders of OmegaCorp will be entitled to subscribe for shares in Mantra on a one-for-six basis for up to 22 million shares. A further 10 million shares, plus any shares not subscribed by existing shareholders, will be offered to the public. In addition, for every two shares issued, shareholders will receive one free attaching listed option exercisable at 20 cents at any time up to June 30 2009.

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