In Brief: Ferro-Alloy Resources Raises $500,000 Via Primarybid Offer

Ferro-Alloy Resources Ltd – Balasausqandiq vanadium deposit in southern Kazakhstan – Raises $500,000 through issue of 3.6 million shares under PrimaryBid offer at 12 pence each.

Collectively, Ferro-Alloy raises $10.0 million through placing, subscription and PrimaryBid offer. Proceeds will go towards an ongoing feasibility study for phase one and two of the Balasausqandiq project.

Ferro-Alloy now has 449.7 million shares issued overall.

Current stock price: 12.30 pence, down 16% on Thursday

12-month change: down 59%

www.ferroalloynet.com