4-Traders: Placement to Lippo Group

$6 Million Placement to the Lippo Group Haranga Resources Limited has agreed to issue 15 million new shares to Golden Rain Holdings Limited, a wholly owned subsidiary of Lippo China Resources Limited, itself a member of the Lippo group of companies (the “Lippo Group”). The key terms of the Agreement are as follows: • 15 million new shares will be placed to Golden Rain Holdings at $0.40 per share for a total consideration of $6 million; • Placement is at a discount to the last closing price of $0.48 on 13 March 2012 but on par with the 30 day VWAP. To read the full article, click herePlacement to Lippo Group

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