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Directors are pleased to announce strong new and ongoing support for IBML.

Sinonew Capital and Balmoral Capital have been instrumental in arranging the placing of $3,000,000 of new equity in International Base Metals Ltd. 
 
Great Sea Wave Investment have expressed their confidence in IBML with a placement $1,000,000 AUD whilst Hangzhou Kings Industry have placed $2,000,000 AUD thus becoming the 2nd largest holder in the Company.
 
Great Sea Wave Investment Pty Ltd 8,333,333 shares at $0.12 cps $1,000,000.
 
Hangzhou Kings Industry Co Ltd   16,666,666 shares at $0.12cps $2,000,000

It is planned that these funds will be employed as part of IBML’s preparation of a pre-feasibility study of the Omitiomire copper deposit in Namibia.  IBML is planning a listing on the Australian Stock Exchange in the second quarter of 2010.

 

 Top 10 Holdings

  Balance at 28-01-2010 %
West Minerals Pty Ltd 104,993,158 34.964
Hangzhou Kings Industry Co Limited   16,666,666   5.507
Blackmans & Associates Pty Ltd   15,304,558   5.057
Manica Minerals Ltd   15,000,000   4.957
Mr Kenneth John Maiden & Mrs Margaret Frances Maiden   11,077,307   3.660
Great Sea Wave Investment Pty Ltd     8,333,333   2.754
Macquarie Bank Ltd     8,333,333   2.754
Perpetual Corporate Trust Limited     8,333,333   2.754
Hunan Central South Biohydrometallurgy Company     6,250,000   2.065
Goldvance Pty Ltd     5,047,200   1.668

Copyright 2008 International Base Metals Limited