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Malachite Resources Announces Placement of Shares to Raise $300,000
Friday October 16, 2009, 6:30 pm

Original Announcement: Malachite Placement raises $300k in Support Nanyang Strategy

Malachite Resources announced that it has agreed, subject to shareholder approval at the company's AGM, to issue 3,508,770 FPO shares at an issue price of 8.55 cents in a placement to raise $300,000. These shares will be issued to strategic investors who support the strategy of an alliance with Nanyang Mining Resources Investment which the company announced 15 October 2009. These additional placement funds will contribute to the cash injection being provided by Nanyang for ongoing project expenditure and working capital purposes.

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