ADU 0.00% 71.5¢ adamus resources limited

Macquarie buys intoAdamus resources

  1. 470 Posts.
    Interesting to see this because they also have a significant interest in neighbour Redback (RBK)


    HOMEX - Perth
    Places 10% of Macquarie Bank Limited

    The Directors of Adamus Resources are pleased to announce that the
    Company has completed a share placement to Macquarie Bank. The
    placement consists of 4 million new ordinary shares to be issued at a
    price of $0.16 per share to raise a total of $640,000. Macquarie Bank
    has taken the position in Adamus following the Company's recent
    acquisition of the highly prospective Salman Gold Project. Funds
    raised through the placement will be utilised for exploration at
    Salman where a program designed to test the initial resource
    potential of the project is currently underway.

    The Directors of Adamus welcome Macquarie Bank to the register and
    believe their extensive experience in funding and investing in major
    gold projects in Africa will be an asset to Adamus as the Company
    seeks to significantly advance the Salman Gold Project.

    Included in the placement of new shares to Macquarie Bank will be the
    issue of 3 million free attaching, unlisted options exercisable at 20
    cents and expiring on 30 June 2005.

    H Halliday

    ends - AAP

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Currently unlisted public company.

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