Private Placement

Abelle Ltd


Subject to approvals, Abelle Ltd has reached agreement to place 35 million shares (18%) at A$0.75 per share to a wholly owned subsidiary of Harmony Gold Mining Company Ltd to raise $26,250,000.

Gallery Gold Ltd


Has reached in principle agreement to place 25.4 million new shares at $0.26 per share to raise A$6.6 million.  The placement, which represents 15% of the Companys capital, has been fully subscribed by major shareholders Lion Selection Group Ltd, African Lion Ltd and Resolute Mining Ltd and other institutional investors.

Western Areas NL


Has placed 5,000,000 ordinary fully paid shares to sophisticated investors at an issue price of $0.31 per share to raise $1,550,000.





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