JAK jackson minerals limited

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    Option Underwriting agreement with ABN Amro Morgans, Patersons and others for 22m options raising $4.4m. This will allow aggressive exploration on a number of promising tennements for both gold and nickel. Its a significant rasing for a company with 46m shares and a market cap of only $10m. Shows confidence in future developments IMHO - but also explains recent weakness.

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