Barra Resources Limited (ASX Code: BAR) is pleased to advise
that it has received strong support from shareholders in the
recently closed Share Purchase Plan (SPP).
A total of $624,000 was raised from shareholder
subscriptions, leaving approximately a 17% shortfall from the
underwritten amount of $750,000. The shortfall will be taken
up by the Underwriter, major shareholder FMR Investments Pty
Ltd subject to approval at the Annual General Meeting
scheduled for Tuesday 22 November 2011.
Funds raised from the SPP will be applied towards exploration
drilling at the Company's 100%
owned Philips Find Mining Centre (drilling currently
underway) and for working capital purposes.
Board and management thank shareholders for their support and
look forward to reporting exploration results from the
current drilling program in due course.
Telephone: (08) 9481 3911 Facsimile: (08) 9481 3955