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Eumeralla Resources Limited (EUM), a CPS Securities brokered (Lead Manager and Broker) and Garrison Capital advised (Corporate Advisor to the Company) company has lodged its Prospectus with the ASX.
Please find EUM’s CEO Michael Hynes’ Letter to Shareholders from its Prospectus below.
EUM’s expected quotation date is 9 March 2012.
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LETTER TO SHAREHOLDERS
Dear Investor,
On behalf of the directors of Eumeralla Resources Ltd (Company), I am delighted to invite you to become a shareholder of the Company.
The Company is seeking to raise $3,500,000 through an issue of 17,500,000 Shares at a price of $0.20 per Share.
The Company holds a granted minerals exploration license located in Mongolia (License) which covers an area of 12,657 hectares and encompasses the historical Chuluun Khoroot tungsten mine which was active during the period 1945-1955. The License area is located in north-eastern Mongolia approximately 20 km north of the town of Dashbalbar, 850 km north-east of Ulaanbaatar and 85 km north-west of the Solowevsk-Choibalsan railway.
The Chuluun Khoroot tungsten deposit was discovered in 1944 and is located in the southeastern part of the license area. Tungsten and subordinate molybdenum mineralisation are associated with a series of quartz veins within the Chuluun Khoroot granite and surrounding sedimentary rocks. Approximately 23 quartz veins have been identified with the “main vein” and number 18 vein having been the focus of past exploration. The main vein is approximately 500 m long, strikes northwest-southeast and is essentially vertical. While not having a JORC resource, we believe the License is sufficient prospective to warrant further exploration. Concurrent with undertaking exploration activities on the Project, the Company intends to evaluate new projects for potential acquisition.
Detailed information about the Offer and the Company’s business, as well as the risks of investing in the Company are set out in this Prospectus which I encourage you to read carefully and if in doubt, consult your stockbroker or other financial advisor.
My fellow Directors and I recommend the Offer to you and look forward to welcoming you as a Shareholder.
Yours sincerely
Michael Hynes
Chief Executive Officer
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"Mogi" Munkhdul Badral
Senior Client Manager / Executive Director
CPS International LLC
Telephone/Fax: +976-11-321326
Mobile: +976-99996779
Email: mogi@cpsinternational.mn
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Sukhbaatar District 8 · Ulaanbaatar 14200 · Mongolia
CPS International is a marketing arm of CPS Securities in Mongolia. CPS Securities is a Perth, Western Australia based AFSLicense Holder. To trade ASX and international stocks, feel free to contact me at mogi@cpsinternational.mn or +976-99996779.
Disclosure/Disclaimer
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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