Eratat

Eratat: To lift trading halt. Co to issue 45.0m new shares at $0.202, with Stirling Coleman Capital as placement agent. This will represent 9.8% of the enlarged share capital and is a 9.7% disc to VWAP $0.224 of co's shares on 5 April 2011. Net proceeds of $8.8m will be used for general working capital purposes and to expand distribution network.