Additional Information
Market: ASX
Sector: General Mining - Copper
EPIC: IRL
Latest Price: A$0.00  (0,00%)
52-week High: A$0.01
52-week Low: A$0.00
Market Cap: A$2.55M
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India Resources
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.

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India Resources raises A$245,000, completes share placement

3rd Nov 2010, 9:50 am

India Resources (ASX: IRL) has received subscription funds of $245,000 for the remaining 16,333,334 ordinary fully paid shares issued and 6,533,334 unlisted options, completing the balance of the share placement announced on 29th September.

The options are exercisable at 2.5 cents each on or before 31st December, 2014.

Funds raised from the placement will be used for the ongoing development of the company’s operations in India and for general working capital purposes.

In addition to the completion of the share placement, the company has announced a new monthly copper production record of 327 tonnes of metal-in-concentrate in October at the Surda copper mine in western India.

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