Boulder Steel Limited announced a Share Purchase Plan, which will give shareholders the opportunity to apply for up to USD 15,000 of new ordinary shares in the Company, at an issue price of USD 0.05 per share.

Over the last 12 months the Company has achieved significant progress with the Gladstone Steel Plant Project. The Environmental Impact Statement has been advanced to near completion and a Preliminary Feasibility Study review has been successfully completed by MCCWISDRI.

The Company wishes to raise additional working capital to fund further work on the GSPP, including the completion of the EIS and commencement of the BFS (in particular the off take agreements), as well as its other operational expenses.