Perseverance Corporation Ltd - 09-Oct-03

Tuesday, 14 October, 2003 - 22:00

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.

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