Placement of 11,153,179 shares at a price of 2 cents per share together with 5,576,589 free attaching options to acquire ordinary shares at 10 cents on or before June 30 2008, to raise $223,064 (before expenses of the issue).
Elkedra Diamonds NL
Has placed 5.2 million ordinary shares at 10 cents per share raising a total of $520,000 in gross proceed. Directors and related parties have subscribed for $150,000 of this placement, subject to receiving shareholder approval at a meeting of shareholders to be held as soon as possible.
Nexus Energy Ltd
Has issued 2,000,000 ordinary fully paid shares at 4 cents per share ($80,000) by way of a placement to various investors. This now concludes Nexus' initial capital raising of $240,000 (6 million new shares).
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