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27/01/2004 - 21:00

Kanowna Consolidated Gold Mines Ltd

27/01/2004 - 21:00

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20-Jan-04 Has undertaken a capital raising of $500,000 by way of the placement of 8,333,332 ordinary  shares at $0.06 per share. 4,166,666 have been issued to sophisticated investors with the  balance issued to Macquarie Bank Ltd.

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