Celamin Holdings NL (ASX:CNL) Announces A$700,000 Private Placement

Melbourne, Jan 4, 2012 AEST (ABN Newswire) - Celamin Holdings NL (ASX:CNL) is pleased to announce a non-brokered private placement in the Company. The Company will issue 4,666,669 fully paid ordinary shares in CNL at an issue price of A$0.15 per share, raising A$700,000.35.

The proceeds from the placement have been received.

The funds will be used by CNL as working capital and by Celamin Limited (pursuant to the terms of its acquisition agreement) to continue with its phosphate work program in Tunisia during the period leading up to the completion of its acquisition by CNL in accordance with the announced schedule.

Managing Director, David Regan said "we are pleased that the acquisition of Celamin Limited by CNL is on schedule (see announcement 23 December 2011) and that Celamin Limited is able to continue to explore at its Cheketma and Bir El Afou projects to confirm the presence of more high quality phosphate during the period leading up to its acquisition by CNL and subsequent capital raising by CNL for ongoing programs."

Contact

David Regan Managing Director Celamin Holdings NL T: +61-3-9692-7222 F: +61-3-9529-8057 http://celaminnl.com.au