also ich möchte mich auch hinter empfehlungen von martin siegl stellen der ebenfalls ein enormes potential in diesem wert sieht,wenn auch nicht ganz so reisserisch wie oliver frank und das ist auch gut so.
ASX Companies Announcements
Monday 13th February 2006
Placement of 20 million shares at 8 cents each
Sub-Sahara Resources NL is pleased to advise the completion of a placement of 20 million ordinary fully paid shares at an issue price of 8 cents per share arranged by DJ Carmichael Pty Limited pursuant to Section 708A of the Corporations Act 2001 to raise $1,600,000 before costs.
The funds will be used to cover exploration of its Tanzanian and Eritrean (non Asmara JV projects) activities during the next twelve months and to supplement general working capital.
The shares issued pursuant to the placement rank equally in all respects with all existing ordinary shares previously issued by the company and quoted on the Australian Stock Exchange Limited.
The Company gives this notice pursuant to section 708A(5) of the Corporations Act 2001 (Cth) ("Act").
The Company issued the shares without disclosure to investors under Part 6D.2 of the Act. The Company, as at the date of this notice, has complied with:
(a) the provisions of Chapter 2M of the Act as they apply to the Company; and
(b) section 674 of the Act.
As at the date of this notice, there is no excluded information available for the purposes of Sections 708A(7) and
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