Xstrata increases Indophil stake

XSTRATA has subscribed for $1 million worth of shares in Indophil Resources as part of the option agreement originally reached with MIM Holdings for earning a 60% stake in the large Tampakan copper-gold project in Indonesia.

Xstrata increases Indophil stake Xstrata increases Indophil stake Xstrata increases Indophil stake Xstrata increases Indophil stake Xstrata increases Indophil stake

The shares were issued at 25 cents, with MIM taking two million shares in Indophil in May (also at 25 cents), and 2.5 shares at 20 cents at the time of Indophil's IPO.

Indophil has now raised $12.

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