Prosperity raises funds to acquire Indonesian metal projects
Tuesday, December 23 2008 - 02:52 AM WIB
Perth-based firm Prosperity Resources announced Tuesday it had reached deal to raise A$1 million by shares placement with two investors.
The company said a Chinese investor firm Tai Xi group and the company?s JV partner in Indonesia PT.Dana Mitra Utama (DMU) will take 10 million Prosperity?s shares each.
The funds will be used to acquire ?quality? metal projects in Indonesia through JV partnership with DMU, the company said without providing further detail.(denny)