The Directors of Metal Storm Limited (ASX: MST) are pleased to announce that the Company has signed a preliminary agreement with Harmony Capital Partners Pte Limited (Harmony) of Singapore to facilitate a Renounceable Rights Issue of A$27.5 million in unsecured Convertible Notes with attaching Options.
Metal Storm Limited (ASX: MST)(NASDAQ: MTSX) today announced its intention to raise up to $25 million of new capital in stages, opening with a Share Purchase Plan to raise up to $10 million and to give as many shareholders as possible the opportunity to participate.
Hastie Group Limited, Australia's leading commercial air conditioning and refrigeration systems group, today announced it has agreed to acquire the business of Gordon Brothers Industries Pty Ltd, Australia's leading industrial refrigeration company.
Metal Storm Limited (ASX: MST)(PNK: MTSXF)(NASDAQ: MTSX) and Singapore Technologies Kinetics (ST Kinetics) are pleased to announce the successful firing of a range of jointly-developed, stacked configuration low velocity 40 mm electrically ignited munitions (EIM). The firings included high explosive (HE) munitions; enhanced blast explosive (EBX) munitions and air burst munitions (ABM). Less than lethal (LTL) munitions development will be undertaken in the future.
Papua Miner Lihir Gold (ASX: LHG) reported record gold production of 193,031oz for the September quarter, up from 129,870oz in the June quarter.
These aircraft are all metal two seat trainers - designed to a be a modern replacement for the trainers currently in use. They are a fully certified aircraft, meeting all the requirements set by the Australian Civil Aviation Safety Authority for use as a trainer. The first two are expected to be online around the end of July 2005.
