[cpsnewswire] [NEWS RELEASE] Haranga IPO Closes Early, Heavily Oversubscribed, Immediate Exploration After IPO

CPS International is a marketing arm of CPS Securities in Mongolia. CPS Securities is a Perth, Western Australia based AFSL License Holder. To trade ASX and international stocks, feel free to contact me at mogi@cpsinternational.mn or +976-99996779.

Mogi: Dear subscribers, due to my mail server spam-blocking my newswires, I’m currently resorting to distributing them from an internet account. Thus, in replying back, please note to direct them to mogi@cpsinternational.mn. Thank you.

Wish to unsubscribe? Let me know.

 

HARANGA RESOURCES LIMITED IPO CLOSES EARLY AND OVERSUBSCRIBED EXPLORATION TO COMMENCE ON FIVE MONGOLIAN IRON ORE PROJECTS

December 2. Haranga Resources Limited (“Haranga Resources”, “the Company”) is a Mongolia focused iron ore exploration and development company. On 9 November 2010, Haranga Resources lodged a Prospectus with the Australian Securities and Investments Commission (“ASIC”) regarding its Initial Public Offer (“IPO”) to raise $25 million and list on the Australian Stock Exchange (“ASX”). The Company announces that:

• The Haranga Resources IPO has closed early and heavily oversubscribed

• The Company will list on the ASX in early to mid December 2010

• Drill rigs and geophysical survey crews booked for immediate commencement of exploration post IPO

Project Overview

Haranga Resources is the majority owner and operator of five highly prospective Mongolian iron ore projects. Each project has the potential to host significant economic deposits of iron ore and is situated close to existing or proposed infrastructure in order to access the enormous market for iron ore in next door China. The location of the Company’s projects is shown in Figure 1 on the following page.

…

(Please see attached for the full media release)

 

---

"Mogi" Munkhdul Badral

Executive Director

CPS International LLC

Mobile: +976-99996779

Email: mogi@cpsinternational.mn

 

Suite 906, Central Tower

Sukhbaatar District, Ulaanbaatar

Mongolia

 

CPS International is a marketing arm of CPS Securities in Mongolia. CPS Securities is a Perth, Western Australia based AFSL License Holder. To trade ASX and international stocks, feel free to contact me at mogi@cpsinternational.mn or +976-99996779.