Empire Resources Ltd (ASX: ERL)

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An offer of 30,000,000 Shares at 20 cents per share to raise up to $6,000,000.

Empire Resources Ltd (ASX: ERL) (Copper, Gold, Uranium)

IPO -

Empire Resources Limited has an extensive tenement package prospective for uranium, copper and gold. The package, which covers an area of 1,723 square kilometres, also contains targets for nickel and platinum group metals. Empire aims to discover and develop world-class mineral resources on these properties.

The Company is an active explorer for minerals in major mining regions and emerging mineral provinces of South Australia and Western Australia. Currently, its priority is to drill test existing targets, with the aim of establishing an early cash flow from its Penny’s Find Project.

Empire’s Directors have extensive and proven expertise in exploration, mining and development as well as considerable public company experience.

Summary of Total Offer

Unit Price: A$0.20
Total Units on Offer: 30 million
Raising: $A 6,000,000

Head Broker:

Barry Dawes
bdawes@mpsecurities.com.au
+61 2 9222 9111

About this Capital Raising

  • IPO
  • December 7, 2006 17:00
  • A$ 6,000,000