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Published on 5/3/2007 in the Prospect News PIPE Daily.

New Issue: Western Plains Resources announces A$3.45 million stock sale

By Laura Lutz

Des Moines, May 3 - Western Plains Resources Ltd. arranged a private placement of shares for A$3.445 million.

The company plans to sell 6.5 million shares at A$0.53 each.

Proceeds will be used for a feasibility study at the company's Peculiar Knob projects and further assessment of its Hawks Nest project.

Veritas Securities Ltd. is the agent.

Western Plains is a Sydney, Australia-based mining company.

Issuer:Western Plains Resources Ltd.
Issue:Shares
Amount:A$3.445 million
Shares:6.5 million
Price:A$0.53
Warrants:No
Agent:Veritas Securities Ltd.
Pricing date:May 3
Stock symbol:Australia: WPG
Stock price:A$0.65 at close May 3

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