Goodland

Goodland: trading halt lifted at 9am this morning. Proposed placement of up to 31.9m new shares at issue price of $0.14/sh, approximately a 20% discount to last traded at $0.175. The total proceeds will be $4.3m, $3.3m will be used to purchase land banks and $1m for working capital and corporate uses. NAV/sh to drop to 6.3cts from 7.8cts, EPS to drop to 0.54cts from 0.86cts, based on FYSep09 numbers. Kim Eng is the placement agent.