[CPSI NewsAlert: Eumeralla Resources Set to List Next Week]

CPSI NewsWire brings you market updates on Mongolia, compiled by CPS International, a Mongolian marketing arm of CPS Securities, a Perth, WA based stockbroking and corporate advisory firm, specialising in capital raising for mining and junior stocks. Follow CPSI NewsWire on Twitter, Facebook

 

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Eumeralla Resources focused on Mongolian minerals, set to list next week

March 2 (Proactive Investors Australia) --

Name: Eumeralla Resources
Proposed listing date: 9 March 2012
Proposed code: EUM
Principal activities: Mineral exploration
Issue price: $0.20

Eumeralla Resources (ASX: EUM) is expected to hit the boards of the ASX on Friday March 9, with a focus on the acquisition and exploration of mining projects in Mongolia.

The company offered 17.5 million shares at an issue price of A$0.20 per share to raise a minimum $3.5 million, with this offer closing today. 

Eumeralla already holds one granted minerals exploration licence in northeast Mongolia which covers 12,657 hectares including the historical Chuluun Khoroot tungsten mine, active between 1945 and 1955.

The license is located about 20 kilometres north of the town of Dashbalbar and 85 kilometres northwest of the Solowevsk-Choibalsan railway.

Previous exploration at the project has defined tungsten targets, but follow up exploration has been limited.

Eumeralla plans to focus initially on tungsten exploration, planning a geological mapping and surface sampling program followed by geophysical surveys and aircore and reverse circulation drilling to test the anomalies.

Other commodities could be targeted at the project in the future.

Link to article

Link to EUM Prospectus

 

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"Mogi" Munkhdul Badral

Senior Client Manager / Executive Director

CPS International LLC

Telephone/Fax: +976-11-321326

Mobile: +976-99996779

Email: mogi@cpsinternational.mn

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CPS International is a marketing arm of CPS Securities in Mongolia. CPS Securities is a Perth, Western Australia based AFSLicense Holder. To trade ASX and international stocks, feel free to contact me at mogi@cpsinternational.mn or +976-99996779.

 

Disclosure/Disclaimer

CPS Securities, its directors and employees advise that they may hold securities, may have an interest in and/or earn brokerage and other benefits or advantages, either directly or indirectly from client transactions mentioned in correspondence from CPS International.

CPS International advise this email contains general information only and does not include advice. In preparing this communication, CPS International did not take into account the investment objectives, financial situation and particular needs of any person. As with any speculative mining company there are significant risks.