URAMET MINERALS LTD - A$7M IPO CLOSES OVERSUBSCRIBED
June 05 2007 - 6:37AM
UK Regulatory
ELKEDRA DIAMONDS NL
Level 1, 130 Hay Street
Subiaco WA 6008
PO Box 8035, Subiaco East WA 6008
Telephone: +61-8-6380 2855
Facsimile: +61-8-6380 1644
E-mail: elkedra@elkedra.com.au
Web Site: www.elkedra.com.au
5 June 2007
Centralised Company Announcement Office
Australian Stock Exchange Limited
10th Floor, 20 Bond Street
Sydney NSW 2000
Dear Sir,
URAMET MINERALS LIMITED - $7M IPO CLOSED OVERSUBSCRIBED
Elkedra Diamonds NL is pleased to announce that the $7 million spin-off IPO of
Uramet Minerals Limited has closed oversubscribed.
Please refer to the attached media release made by Uramet Minerals Limited
today.
For and behalf of the Board
Max Cozijn
Company Secretary/Director
cc:DB/SR/T
MEDIA RELEASE 5 JUNE 2007
URAMET MINERALS LIMITED
A$7 MILLION IPO CLOSED OVERSUBSCRIBED
Uramet Minerals Limited ("Uramet") is pleased to report that its Initial Public
Offer ("IPO") has received very strong support from investors, enabling the IPO
to close early with the maximum subscription amount of A$7million having been
raised.
Uramet Managing Director Bill Hewitt said:
"We are extremely encouraged by the strong response from Elkedra Diamonds NL
("Elkedra") shareholders, institutional investors and the general public. We
believe this strong response is a reflection of the market's belief not only in
the strength of demand for uranium, but also in the prospectivity of Uramet's
targeted tenement package in the Georgina Basin (NT and Qld), as described in
Uramet's IPO prospectus.
I thank all those Elkedra shareholders who have chosen to invest in Uramet, and
I also warmly welcome our many new investors. The board and management of
Uramet look forward to your continued support."
Uramet has applied for admission to the Official List of ASX and anticipates
that trading in Uramet shares should commence on or before 19 June 2007, as set
out in Uramet's IPO prospectus. Holding statements will be despatched to
shareholders shortly.
As the IPO was oversubscribed, Uramet will return application monies to
unsuccessful applicants as soon as practicable.
ENDS
Released by: On behalf of:
Nicholas Read Mr Sam Randazzo
Read Corporate Chairman, Uramet Minerals Limited
Telephone: (08) 9388 1474 For further information, contact:
Bill Hewitt
Managing Director,
Uramet Minerals Ltd
Telephone: (08) 6380 2799
Website: www.uramet.com.au
END
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