Thursday, October 27, 2011

[CPSI NewsAlert: C@ Agrees to Acquire Coal Licenses, Renaming to Draig Resources, Shares Suspended]

CPSI NewsWire brings you market updates on Mongolia, compiled by CPS International, a Mongolian marketing arm of CPS Securities, a Perth, WA based stockbroking and corporate advisory firm, specialising in capital raising for mining and junior stocks.

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ASX trading halted due to technical glitch. CEO shares suspended until 28 October due to this announcement


October 27, C @ Limited (ASX:CEO) --


      C @ signs a Share Sale Agreement to acquire eight highly prospective Mongolian coal licences for US$7.8million, located in the Ovorhangay and South Gobi provinces

      Region characterised by a number of recent major black coal discoveries on the doorstep of the expanding Chinese steel and energy markets

      "Teeg" licence located in the Ovorhangay province of significant interest after C @ intersected two massive black coal seams containing coking properties

      Phase II of the exploration program which will include geophysics and further drilling, to commence immediately following the completion of acquisition

      Company to raise majority of funds via institutional placement, In conjunction with a priority share issue being offered to existing eligible shareholders

      Proposal to re-name company to Draig Resources limited

      Shareholders to vote on proposals at Annual General Meeting to be held on 30 November 2011

Link to release

Link to suspension notice



"Mogi" Munkhdul Badral

Senior Client Manager / Executive Director

CPS International LLC

Telephone/Fax: +976-11-321326

Mobile: +976-99996779


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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 or +976-99996779.



CPS Securities, its directors and employees advise that they may hold securities, may have an interest in and/or earn brokerage and other benefits or advantages, either directly or indirectly from client transactions mentioned in correspondence from CPS International.

CPS International advise this email contains general information only and does not include advice. In preparing this communication, CPS International did not take into account the investment objectives, financial situation and particular needs of any person. As with any speculative mining company there are significant risks.

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