Orocobre Ltd (ASX: ORE)

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Orocobre is offering Shares for subscription at a price of 25 cents per Share. The Company seeks to raise up to $6,250,000 through the issue of up to 25,000,000 Shares.

Orocobre Ltd (ASX: ORE) (Copper, Gold, Lithium)

IPO -

Orocobre is offering Shares for subscription at a price of 25 cents per Share. The Company seeks to raise up to $6,250,000 through the issue of up to 25,000,000 Shares.

INVESTMENT HIGHLIGHTS

Focus on Argentina

  • highly prospective geology
  • undeveloped compared to Chile, its neighbour and a major minerals producer
  • attractive investment environment with relatively low sovereign risk
  • developed infrastructure

Excellent Portfolio of Large Target, Exploration Projects

Olaroz Lithium

  • a salt lake in Jujuy Province containing high grade solutions of lithium
  • a very large exploration target – 325,000 tonnes of lithium
  • ready for immediate drilling, sampling and testwork
  • excellent infrastructure

Santo Domingo Copper/Gold/Molybdenum Porphyry

  • exposed copper/gold/molybdenum porphyry system in the San Juan Province
  • a very large exploration target – +/- 500 million tonnes
  • additional target areas highlighted by satellite imagery and recent field work
  • close to major population centre and infrastructure
  • ready for final phase of rock chip geochemistry and mapping to finalise early drill programmes

Broker/Underwriter to the Offer: Martin Place Securities

Summary of Total Offer

Unit Price: A$0.25
Total Units on Offer: 25,000,000
Raising: $A6,250,000

Head Broker:

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

About this Capital Raising

  • IPO
  • October 15, 2007 17:00
  • A$ 6,250,000