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Matilda Minerals Announces Renouncable Rights Issue
Wednesday February 6, 2008, 3:27 pm

Original Announcement: Renounceable Rights Issue

Matilda Minerals is aiming to raise approximately $6.7m through a renounceable rights issue at a price of 40 cents per share, which is a 7.5% discount to the closing price on 5 February 2008 and a 12.1% discount to the 14 day volume weighted average price. The funds will drive the next phase of development for Matilda, which will be to expand the Tiwi Islands project and to accelerate the exploration program on its promising Cape York tenements.

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