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ALLANA CLOSES $2.5 MILLION FINANCING

Friday, May 29, 2009

Allana Resources (CVE:AAA) announced that they have raised $2,542,149.90 million through the issuance of 18,830,740 units at a price of $0.135 per unit. Each unit also included a full warrant at $0.20.Company reports that proceeds will be used for ongoing exploration of Ethiopian Potash projects. Click here for the full press release.

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