November 16, 2010 Ethan Minerals Limited announced that the Company has completed a placement of 10,773,037 fully paid shares (equivalent to 15% of the pre placement capital and 13.04% of the post placement capital) at the price of A$0.195 to raise A$2.1 million. The majority of the funds raised will be applied to the completion of the recently announced lease acquisitions for the Manganese and Copper/Gold Projects in Zambia and the Mary Springs lead project in Western Australia.
October 22, 2010 Ethan Minerals Limited., announced updated the exploration project in Zambia project in Zambia. Highligths include additional acquisition of 2,000 sq km within the Zambian copper belt, and leases of 416 sq km, consisting of Kampumba mine.
October 22, 2010 Ethan Minerals Limited., announced exploration update on Zambia Manganese project, located in Zambia. Highlights include additional acquisition of 2,000 sq km tenements along with 416 sq km leases for Manganese, consisting of Kampumba mine.