Sub-SaharaResources NL - 08-Sep-03

Sub-SaharaResources NL - 08-Sep-03

Has agreed to make a private placement of 8,000,000 fully paid ordinary shares at an issue price of $0.0325 (3.25cents) to the Phoenix Gold Fund Limited, a Malaysian institutional investor, to raise $260,000 before costs.

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6th-Australian Institute of Management WA20,000
7th-Murdoch University16,584
8th-South Regional TAFE10,549
9th-Central Regional TAFE10,000
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