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Hazelwood Resources $7.5M for Vietnam Plant

Investing News Network
May. 24, 2010 05:29PM PST
Company News

Hazelwood Resources Ltd (HAZ), focused on becoming Australia’s only Tungsten producer with 2 to 3% of world production, will raise US $7.5-million through a share placement to fund the construction of a ferrotungsten processing plant in Vietnam.
Hazelwood’s Managing Director Terry Butler-Blaxell is quoted saying:
“Hazelwood is pleased by the strong support received from investors for Hazelwood’s […]

Hazelwood Resources Ltd (HAZ), focused on becoming Australia’s only Tungsten producer with 2 to 3% of world production, will raise US $7.5-million through a share placement to fund the construction of a ferrotungsten processing plant in Vietnam.

Hazelwood’s Managing Director Terry Butler-Blaxell is quoted saying:

“Hazelwood is pleased by the strong support received from investors for Hazelwood’s integrated tungsten business strategy, particularly in light of recent weakness in global financial markets.”

Click here to access the entire Press Release

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