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Western Areas increases share purchase plan to A$15M

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Western Areas increases share purchase plan to A$15M

Perth, Australia-based Western Areas Ltd. decided to its previously announced sharepurchase plan to A$15 million, compared to the A$10 million cap March 31.

The company on May 3 also announced that the applicationsunder the plan have exceeded A$20 million.

Western Areas will allocate securities at an issue price ofA$2.00 per share to eligible applicants.