By Sheri Kasprzak
New York, April 13 - Giralia Resources NL has completed a A$4.1 million private placement with European and Australian investors.
The company sold a total of 10.25 million shares - 10 million to the European institutional investors and 250,000 to a local sophisticated investor - at A$0.40 each.
The proceeds will be used for exploration and development of the company's mineral projects.
Based in West Perth, Western Australia, Giralia is a mineral exploration company.
| Issuer: | Giralia Resources NL
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| Issue: | Stock
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| Amount: | A$4.1 million
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| Shares: | 10.25 million
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| Price: | A$0.40
|
| Warrants: | No
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| Settlement date: | April 13
|
| Stock symbol: | Australia: GIR
|
| Stock price: | $0.53 at close April 13
|
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