uae partnership key, page-14

heres the capital raising for ipswich


money never paid



enough from me

your all informed on boulders history

cheers and good luck



ASX ANNOUNCEMENT
For immediate release - Australian Securities Exchange (ASX)
Dubai International Financial Exchange (DIFX)
1 August 2007

Boulder receives firm commitments for US$ 91 million in Equity Funds
for the Seamless Tube Project
Boulder’s two major shareholders, companies owned by Messrs Abdul Rahman Falaknaz and
Mohammad Yousuf Al Ali, as well as a US-based private equity company have given their firm
commitments to participate in a private placement of

Boulder shares on the following terms:
• Total capital to be raised: US$ 91 million.
• The shares will be issued at a price of US$ 0.80 per share.
These equity funds will constitute a major milestone in raising the total financing package for the
successful realisation of the company’s Seamless Tube Project consisting of a steel plant, a tube
mill and a finishing facility in Ipswich, Queensland, as well as a finishing plant in Sharjah, United
Arab Emirates.
Details of the commitment letters and signed Application Forms received by Boulder Steel Limited
are as follows:
• Falak Investments AG (“FIAG”),
a Swiss company owned 100% by Mr. Falaknaz.
FIAG has agreed to subscribe for 30 million shares @ US$ 0.80/share for a total value of
US$ 24 million.
• Capital Trust Holding AG (“CTH”),
a Swiss company owned 100% by Mr. Al Ali.
CTH has agreed to subscribe for 40 million shares @ US$ 0.80/share for a total value of
US$ 32 million.
• American Overseas Investment Holding (“AOIH”),
a US-based private equity company.
AOIH has agreed to subscribe for 43,750,000 shares @ US$ 0.80/share for a total value of
US$ 35 million.

BOULDER STEEL LIMITED
A.C.N 009 074 588
Level 2, 16 Byfield Street, Macquarie Park, NORTH RYDE NSW 2113
Tel: (+ 61 2) 9413 1811 Fax: (+ 612) 9419 2818
PO Box 1293, Macquarie Centre, NORTH RYDE NSW 2113, AUSTRALIA
www.bouldersteel.com.au Email: [email protected]
For personal