FerrAus Limited (ASX:FRS) Announces Subscription Agreement With Wah Nam International Holdings Limited (HKG:0159)

  Perth, Australia, June 23, 2010 - (ABN Newswire) - FerrAus Limited (ASX:FRS) (PINK:FRRAF) is pleased to announce that it has executed a Subscription Agreement with a wholly owned subsidiary of Wah Nam International Holdings Ltd (Wah Nam) (HKG:0159) to make a placement to raise approximately A & #36;21.5m via the issue of 25,047,939 fully paid ordinary shares at an issue price of A & #36;0.  

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