Bauxite Resources Limited (ASX:BAU) Receives A Formal Written Offer From Chinese Government Agency For Proposed Material

  Perth, Australia, May 4, 2009 - (ABN Newswire) - Bauxite Resources Limited (ASX:BAU)(PINK:BXRDF) has received a formal written offer of a placement of 19,700,000 shares at an issue price of 50 cents per share ( & quot;Placement Offer & quot;). The Placement Offer has been made by an Australian entity controlled by the Shandong No 1 Institute for Prospecting of Geology and Minerals (Shandong), a government agency in China.  

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