www.indiaresources.com.au
India Resources Limited (ASX: IRL) operates the Surda Copper Mine in India. IRL has developed a close commercial alliance with Hindustan Copper Limited (HCL, a Government of India enterprise). These alliances with HCL are a first for an overseas group. Hindustan Copper is the sole integrated producer of primary copper in India and is listed on the Mumbai, Delhi, Calcutta and Madras exchanges.
India Resources share placement to settle convertible notes
Mining contractor, India Resources (ASX:IRL) has conducted a private share placement of 39.5 million shares at $0.015 to raise $592,500, for the early settlement of a convertible note facility with La Jolla Cove Investors Inc.
There are 2 attached unlisted options for every 5 shares, exercisable at $0.025 on or before 31 December 2014.
Settlement of the placement will occur in three tranches with an initial tranche of $347,500 (23,166,666 shares and 9,266,666 options) having been completed.
Settlement of the remaining two tranches will occur over the next two months.


















