Western Areas NL 6-Dec-05

Has reached in-principle agreement with Sprott Securities Inc. Hartleys Limited and Tricom Equities Ltd to raise approximately A$23 million through the placement of 13.525 million shares at an equivalent issue price of A$1.70 per share. Approximately A$11.7 million is expected to be placed mainly to institutions in Canada and in the UK.

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6th-Australian Institute of Management WA20,000
7th-Murdoch University16,584
8th-South Regional TAFE10,549
9th-Central Regional TAFE9,064
10th-The University of Notre Dame Australia6,708
46 tertiary education & training providers ranked by total number of students in WA

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