Friday, April 27, 2012

[CPSI NewsAlert: Eumeralla Resources Admitted to the ASX, Trading to Commence May 3]

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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CPS Securities was Lead Manager and Broker to EUM’s IPO

Eumeralla Resources on the hunt for Mongolian minerals, admitted to the ASX

April 27 (Proactive Investors) Eumeralla Resources (ASX: EUM) has been admitted to the official list of the ASX and is set to begin trading on Thursday 3 May.

The company will hit the boards at 12pm (EST) with around 20 million shares on issue, following a successful IPO offering 17.5 million shares at A$0.20 per share to raise a minimum $3.5 million

Eumeralla is focused on the acquisition and exploration of mining projects in Mongolia.

The company already holds one granted minerals exploration licence in northeast Mongolia which covers 12,657 hectares including the historical Chuluun Khoroot tungsten mine, active between 1945 and 1955.

The licence is located about 20 kilometres north of the town of Dashbalbar and 85 kilometres northwest of the Solowevsk-Choibalsan railway.

Previous exploration at the project has defined tungsten targets, but follow up exploration has been limited.

Eumeralla plans to focus initially on tungsten exploration, planning a geological mapping and surface sampling program followed by geophysical surveys and aircore and reverse circulation drilling to test the anomalies.

Other commodities could be targeted at the project in the future.

Link to article



"Mogi" Munkhdul Badral

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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 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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