28/07/2006 - 15:58

... and they keep coming as Coziron seeks $3m for Indonesia

28/07/2006 - 15:58

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Northbridge-based exploration company Coziron Resources Ltd aims to raise up to $3 million through its initial public offer to the ASX to fund exploration of its Indonesian mineral tenements.

... and they keep coming as Coziron seeks $3m for Indonesia

Northbridge-based exploration company Coziron Resources Ltd aims to raise up to $3 million through its initial public offer to the ASX to fund exploration of its Indonesian mineral tenements.

The base metals and energy explorer will sell 15 million shares - a 24.5 per cent shareholding in the company - at 20 cents each. It will also allow over-subscriptions of no more than $500,000.

Coziron is chaired by Richard Tan, the president of the WA Chinese Chamber of Commerce, with Lam Fatt Tan, the WACCC vice-president, also serving as executive director. Also on the company board is former exploration director for Adamus Resources Ltd Greg Burns and chartered accountant George Lazarou

The company has employed Rix Levy Fowler as auditor and investigating accountant, along with Mining Corporate Pty Ltd as IPO compliance manager.

The offer is not underwritten. Applications open on August 1, and close September 1.

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