Troy Resources NL
ASX : TRY
FRANKFURT : TRW

Troy Resources NL

April 05, 2007 03:47 ET

Troy Resources NL: Share Placement Completed

WEST PERTH, WESTERN AUSTRALIA--(CCNMatthews - April 5, 2007) - Troy Resources NL (ASX:TRY)(FRANKFURT:TRW)("Troy") is pleased to announce the completion of a placement of 3.9 million ordinary shares in the Company at an issue price of $3.10 per share with institutional investors in Australia and offshore to raise approximately $12 million. The placement was arranged by the Company and transacted by Bell Potter Securities Limited.

The proceeds of the placement will be used for ongoing working capital of the Company.

ABN 33 006 243 750

Contact Information

  • Troy Resources NL
    J L C Jones
    Chairman
    (61 8) 9481 1277
    or
    Troy Resources NL
    TD McKeith
    Chief Executive Officer
    (61 8) 9481 1277
    (61 8) 9321 8237 (FAX)
    Email: troy@troyres.com.au
    Website: www.try.com.au