14/10/2003 - 22:00

Perseverance Corporation Ltd - 09-Oct-03

14/10/2003 - 22:00

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Perseverance Corporation Ltd - 09-Oct-03

Perseverance Corporation Ltd - 09-Oct-03

Perseverance Corporation Ltd today announced the successful completion of a $75 million placement  involving  the issue of 267.9 million shares at $0.28 per share.  The placement is conditional on Perseverance shareholder approval.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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