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Glengarry raises $4.4m in placement to Kagara
3-August-07
Written by Edited announcement

West Perth-based gold explorer Glengarry Resources Ltd has raised $4.4 million after fellow West Perth business Kagara Zinc Ltd subscribed for 35 million shares, or 12.3 per cent, in the company.

The full text of a Glengarry announcement is pasted below

The Directors of Glengarry Resources Limited (Glengarry or the Company) are pleased to announce that Kagara Zinc Ltd (Kagara) has agreed to subscribe to 35,000,000 Glengarry shares at 12.5 cents per share to raise $4,375,000. The subscription price is at a premium to Glengarry's current share price.

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Kind regards

Harry Kleyn - Publisher

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