Hazelwood Resources $7.5M for Vietnam Plant

- May 24th, 2010

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

Tags

Tags:

Leave a Reply