FerrAus Limited (ASX:FRS) (PINK:FRRAF) is pleased to advise that Union Park Company Limited (UPC), a wholly owned subsidiary of China Railway Materials Commercial Corporation (CRM), has, subject to the conditions below, exercised its right to subscribe for 3,005,753 additional FerrAus shares following the recent share placement to Wah Nam International Australia Pty Ltd (HKG:0159).
Pluton Resources Limited ("Pluton") (ASX:PLV) has received final assay results from angled drill hole ID16A and vertical drill hole ID16B from the current Phase II drilling program on Hardstaff Peninsula, Irvine Island, Western Australia (E04/1172).
On 13 July 2010, Carpentaria Exploration Limited (Carpentaria) signed a conditional non-binding and indicative letter with Australia Conglin International Investment Group Pty Ltd (Conglin) pursuant to which Conglin proposed to make a takeover bid to acquire all of the shares in Carpentaria not already owned or controlled by Conglin (Proposal).
This month's Symposium Resources Roadshows will showcase five exciting ASX listed companies providing the latest information and opportunities for investment. You will gain unique insight into the companies and have the opportunity to interact face to face with the CEOs.
NSL Consolidated Ltd (ASX:NSL) has executed a long term cooperation Heads of Agreement with China Metallurgical Mining Corporation (CMMC), under which CMMC will receive a 10 per cent equity stake in Kuja and Mangal and discounted off-take, with a floor price, from Kuja and Mangal, in return for a USD10 million investment, and the commitment to provide up to US$100 million in funding for other projects.
Baobab Resources plc (LON:BAO), the iron ore, base and precious metals explorer with a portfolio of mineral projects in Mozambique, is pleased to present an update on the scout drilling programme currently underway at the Tete iron/vanadium/titanium project.
The Australian sharemarket Wednesday opened higher with gains across all sectors, as Wall Street significantly surged overnight, inspired by the upbeat corporate earnings for the second quarter. Today The S&P/ASX 200 index jumped approximately 1.7 per cent shortly after the opening bell.
