Metal Bank Limited
Issue Price $0.20 per share
Minimum Investment $2,000
Amount Sought $2,200,000
Open Date 10th December 2010
Close Date 31st January 2011
List Date 14th February 2011
Metal Bank is an Australian based exploration company established to invest shareholders funds in base and precious metal exploration, development and mining projects. The Company proposes to build, as the name suggests, a valuable metal asset register or "Metal Bank" for its shareholders.
The company is exploring for copper sulphide at "The Jillewarra Project", a highly regarded exploration prospect located nearby the world class "Sandfire Resources NL" copper discovery "The Doolgunna Project".
Metal Bank is currently offering 11,000,000 fully paid ordinary shares at an issue price of 20cents each to raise $2,200,000 and list on the ASX.
Small number of tradeable shares on issue
Significant scope for upside with exploration success
Current exploration program to deliver live results within weeks of listing
Current copper exploration environment extremely robust
Key Metalbank Copper project nearby Sandfire Resources NL Very well regarded board and Joint Venture operating partners
The Metal Bank Mineral Assets comprise four projects, two in Western Australia and two in Queensland that are at various stages of exploration ranging from encouraging results from surface sampling and drilling. The projects have potential to host their target commodities and warrant exploration and testing programs. The projects are currently at various stages of exploration and have potential to host economic mineral deposits
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