Central Kalgoorlie Gold Mines Ltd
The Company will undertake a placement to clients and nominees of Montagu Stockbrokers Pty Ltd of up to approximately 19.2 million shares at an issue price of 3 cents per share, to raise approximately $576,000.
Giants Reef Mining Ltd
The Company has raised $2.7 million from its institutional shareholders at 4.5 cents.
Has raised $2.2 million through the exercise of Director and Executive options. The 1.7 million options to acquire iiNet shares at $1.30 each were exercised and placed with an existing institutional investor.
Has reached agreement to issue 4 million shares at $0.40 each together with 4 million options exercisable at $0.65 cents and expiring on 31 May 2004, to raise a total of $1.6 million. The deal has been brokered by Burdett Buckereidge & Young and funds will be used to meet modest working capital requirements.
Due to additional institutional demand, has agreed to issue a further 1 million new shares under the same terms as those announced to the ASX on Monday 19 th May.
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