Private Placement

Australian Development Capital Fund


Has entered into an agreement with Viaticus Capital Pty Ltd or its nominees to place 11 million units at a price of 5 cents each to raise $550,000.

Marlborough Resources NL


Malaysia Smelting Corporation Berhad has subscribed A$1,742,875 to acquire 34,857,500 shares in Marlborough. This placement represents approximately 13% of Marlboroughs increased capital. Subject to approval by Marlborough shareholders in April, MSC will invest a further A$3,579,625 to increase its holding in both Marlborough's ordinary shares and convertible notes to about 30%.


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