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AUSTRALIA'S COLONIAL RESOURCES DEBUTS ON ASX AT PREMIUM.

AsiaPulse News

| March 01, 2007 | COPYRIGHT 2007 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

SYDNEY, March 1 Asia Pulse - Perth-based gold explorer Colonial Resources Ltd (ASX:CLN) has debuted on the Australian stock exchange at a five per cent premium following a $A2.8 million ($US2.2 million) float.

Shares in the company began trading at 21 cents, up one cent on the 20 cents a share issue price offered in the initial public offering (IPO).

Colonial offered 11.5 million shares at 20 cents a share in the ...

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