Siburan makes solid ASX debut | The West Australian

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Siburan makes solid ASX debut | The West Australian"


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The West Australian Gold and uranium explorer Siburan Resources has made a solid debut on the Australian stock exchange after its $3 million initial public offer closed oversubscribed.


Shares in Siburan closed at 20 cents, in line with their issue price. The company offered 15 million shares at a price of 20 cents each through the IPO. Siburan has also proposed an options


issue to shareholders within the next six months of one option for every two shares held. The options will be issued at half a cent each and will be exercisable at 20 cents, with an expiry


date of September 30, 2012. Siburan said in a statement it would immediately start exploration programs at its projects, initially focusing on the Mt Pleasant gold project north-west of


Kalgoorlie. It also said its Goongarrie/Lake Marmion uranium project in the same region held promise. "The region is recognised as the leading gold-producing region in the world, with


excellent infrastructure including the easy availability of drill rigs and analytical laboratories," managing director Noel Ong said. GET THE LATEST NEWS FROM THEWEST.COM.AU IN YOUR


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