Nilam Resources Inc.

4 Jan 2008capital raising announcement● Neutral

Nilam sold 323,727 units at $0.50 each for $270,000 gross, bought by directors and associates of the company. Each unit is one share plus a warrant to buy another share at $0.60 for 24 months. The filing says the money is for the planned acquisition of mining assets in Peru and working capital.

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