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Hannan Metals Limited

09:53 AM EST - Hannan Metals Limited : Announced that the non-brokered private placement financing that was launched on August 2 is currently oversubscribed. As a result, subject to TSX Venture Exchange approval, the Company now proposes to issue up to 12,600,000 units at an exercise price of $0.26 per Unit for gross proceeds of up to $3,276,000. Hannan Metals Limited shares V.HAN are trading unchanged at $0.31.