Bauxite Resources Limited (ASX:BAU)
Perth, April 29, 2009 AEST (ABN Newswire) - Bauxite Resources Limited (ASX:BAU)(PINK:BXRDF) as at 31 December 2008 had 53,424,180 listed options on issue exercisable at 20 cents each and expiring on 31 January 2009. In the period up to an including the expiry date 23,451,158 options were exercised raising a total of A$4,690,232 (the balance of the options lapsed). Capital raising costs amounted to A$206,260.
Cash Position and Issued Capital
The Company's issued capital and cash position as at 31 March 2009 increased over last quarter as a result of the above capital raised via exercise of options and at 31 March 2009 BRL had A$9.9 million cash at bank and 131,483,228 shares on issue. As at 31 March 2009, BRL had 1,051 shareholders. During the quarter BRL also issued 3.9 million unlisted options pursuant to its Employee Incentive Option Plan.
Share Price and Market Capitalisation
The Company's share price has firmed from 19 cents at 31 December 2008 to around its current level of approximately 26 cents. The market capitalisation has increased substantially from A$21.6 million at 31 December 2008 to around A$34.2 million as a result of the conversion of options and the improved share price.
For the Complete Bauxite Resources Quarterly Report, please see the link below;
http://www.abnnewswire.net/media/en/docs/60553-ASX-BAU-444814.pdf
About Bauxite Resources Limited
Bauxite Resources (ASX:BAU) (OTCMKTS:BXRDF) was established with a substantial tenement holding in Western Australia to develop new bauxite supply for the global alumina/aluminium industry. The Company listed on the Australian Securities Exchange (ASX) in October 2007.
The Darling Range in the south-west of Western Australia (WA) is the world's largest bauxite mining and alumina refining region producing around 20% of the world's alumina. This area has mined bauxite and refined alumina since the 1960s. These industries are leaders in sustainable resource development and represent the fifth largest sector of WA's resource industry.
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