By Laura Lutz
Des Moines, April 13 - Giralia Resources NL secured A$6.24 million from a private placement of shares.
The company agreed to sell 8 million shares to several European and Australian institutions and sophisticated investors at A$0.78 per share.
Proceeds will be used for evaluation and exploration on the company's projects.
The company expects to issue the shares on April 18.
Giralia is a resource exploration company based in West Perth, Australia.
Issuer: | Giralia Resources NL
|
Issue: | Shares
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Amount: | A$6.24 million
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Shares: | 8 million
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Price: | A$0.78
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Warrants: | No
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Announcement date: | April 13
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Settlement date: | April 18
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Stock symbol: | Australia: GIR
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Stock price: | A$0.815 at close April 13
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