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Provider: Reuters Investment Profile
Provider: Wright Reports
Provider: Thomson Reuters Stock Report
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Boulder Steel Ltd Announces Letter Of Intent For Funding

Wednesday, 17 Jul 2013 11:27pm EDT 

Boulder Steel Ltd announced that they have signed a non-binding letter of intent with an Australian investor which confirms the intention of the investor to subscribe within four weeks for new ordinary shares in Boulder at a total subscription price of approximately $2.7 million and at a price per share which would give the investor a shareholding in Boulder of approximately 19.9%. The funds from this issue would be used for the progression of the Gladstone Steel Plant Project and office administration costs. 

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