Anax Metals

Aurora Minerals Ltd14-Jan-05

Advise that 146,00 ordinary shares will be released from escrow on 12 March 2005

Has entered into a joint venture with New Zealand company Emerald Mining Ltd on Aurora’sHazelbrook gold project in the North Island of New Zealand.

The uranium spin-off of Perth-based gold explorer Aurora Minerals Ltd, Desert Energy Ltd, has raised the full $8 million in offer and oversubscriptions to fund exploration of its projects.

Shares in Aurora Minerals have climbed slightly after announcing it is in discussions with its 53 per cent-owned subsidiary Desert Energy to enter into a joint venture on its wholly-owned Camel Hills Project in central Western Australia.

HE role of chairman at Australian public companies has traditionally been reserved for experienced industry professionals tired of working in an executive capacity and who are keen to bring an independent viewpoint to the company boardroom.

Aurora Minerals has executed a three way deal with African Lion and Predictive Discovery, offering African Lion an $800,000 placement and in return receiving a 17.2 per cent slice in Predictive.

Gold and mineral explorer Golden Rim Resources has announced a $3 million placement, managed by Sprott Private Wealth, for exploration in Burkina Faso and working capital.

West African-focused gold explorer Predictive Discovery plans to raise up to $1.85 million for further exploration, through a placement and a rights issue backed by its biggest shareholder.

Wayne Trumble and Philip Clark have retired as non-executive directors of African Energy Resources, but will continue to provide consultancy services when required.

Krakatoa Resources has announced a capital raising $275,000 by way of a placement at 2.2 cents a share. 

Aurora Minerals has closed its fully underwritten 1-for-1 entitlement offer, raising $1.17 million at 1 cent a share. The offer was heavily undersubscribed, with only $258,630 in subscriptions, while the shortfall of 91,270,212 shares was issued to the underwriter. 

Our board moves wrap includes Andrew Barclay, Matt Hardisty, Melissa Chapman, Matthew Foy, Tim Markwell, Michael Atkins, Debra Bakker, James Wallbank, Simone Suen, Greg Miles, Janet Wicks, RuCai Ding, ShaoFeng Li, Peter Watson, Peter Main, Daniel Harris, David Riekie, and John Hodder.

Our board moves wrap includes Steven Wood, Bruce Waddell, Eric Moore, Tim Harrison, Jack Fazio, James Ellingford, James Pearse, Justin Tremain, and Abby Siew.