By Devika Patel
Knoxville, Tenn., Nov. 26 - Goldbelt Resources Ltd. said it has raised C$8.1 million in the second and final tranche of a C$14.4 million private placement of shares.
The deal priced for C$14 million on Oct. 18, when Wega Mining ASA said it would buy all outstanding Goldbelt shares for C$1.55 per share in cash. The company raised C$6.3 million in the first tranche, which settled on Nov. 7. This tranche settled on Nov. 22.
The company sold 9 million common shares to Wega in this tranche at C$0.90 apiece. In the first tranche, Goldbelt sold 7 million shares. The company sold a total of 16 million shares.
Goldbelt Resources is a Toronto mining company.
| Issuer: | Goldbelt Resources Ltd.
|
| Issue: | Common shares
|
| Amount: | C$14.4 million
|
| Shares: | 16 million
|
| Price: | C$0.90
|
| Warrants: | No
|
| Investor: | Wega Mining ASA
|
| Pricing date: | Oct. 18
|
| Stock symbol: | Toronto: GLD
|
| Stock price: | C$1.16 at close Oct. 17
|
|
|
| First tranche
|
| Amount: | C$6.3 million
|
| Shares: | 7 million
|
| Settlement date: | Nov. 7
|
|
|
| Second tranche
|
| Amount: | C$8.1 million
|
| Shares: | 9 million
|
| Settlement date: | Nov. 22
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
