The Board of Raya Group Ltd (ASX:RYG) would like to announce that it has completed Tranche 2 placement raising $500,000, at a unit price of 1.5c per share with ASC Resources (ASC), as a cornerstone investor and a significant shareholder.
Raya Group Ltd (ASX:RYG) holds some of the most prospective geothermal sites available in Australia and Indonesia. Whilst the Geothermal sector has been extremely challenging, Raya has been active with Indonesian joint venture partner Bakrie Power.
The Board of Raya Group Ltd (ASX:RYG) would like to announce that it has received confirmation from the Indonesian Minister of Energy and Mineral Resources granting approval to sell electricity to PT PLN (Persero).
Raya Group Ltd (ASX:RYG) advises that the resolutions put to its Extraordinary General Meeting, held on 7 October 2014 were passed.
The Board of Raya (ASX:RYG) would like to announce that together with its Joint Venture Partner "PT Bakrie Power", a final "Power Purchase Agreement" has been agreed between PT PLN and PT Sokoria Geothermal Indonesia.
Earth Heat Resources Limited (ASX:EHR) is pleased to advise that it has successfully mandated Corporacion Interamericana para el Financiamento de Infraestructura ("CIFI") as Lead Bank and Mandated Lead Arranger for a Drilling Loan of US $22.5 million subject to due diligence. Further, the Company has signed an agreement for $17.5m in Capital Contingency Finance with AGS Capital Group LLC ('AGS').
Asian Activities Report for October 4, 2011 includes: Bulk minerals explorer Sheffield Resources Limited (ASX:SFX) today announced high grade talc results from drilling at its Moora Talc Belt project in Western Australia; Lochard Energy Group Plc (ASX:LHD) said today that remapping work at the Thunderball prospect on UK North Sea block 14/26b has identified more recoverable resources; Phoenix Gold Limited (ASX:PXG) announced the results of its latest drill programme completed at the Broads Dam Gold Project in Western Australia; NSL Consolidated Ltd (ASX:NSL) said today that construction phase has commenced on its US$2.3 million iron ore beneficiation project in India; GAIL (India) Ltd (BOM:532155) has recently acquired its first shale gas assets in the USA.
