By Laura Lutz
Des Moines, May 3 - Western Plains Resources Ltd. arranged a private placement of shares for A$3.445 million.
The company plans to sell 6.5 million shares at A$0.53 each.
Proceeds will be used for a feasibility study at the company's Peculiar Knob projects and further assessment of its Hawks Nest project.
Veritas Securities Ltd. is the agent.
Western Plains is a Sydney, Australia-based mining company.
Issuer: | Western Plains Resources Ltd.
|
Issue: | Shares
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Amount: | A$3.445 million
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Shares: | 6.5 million
|
Price: | A$0.53
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Warrants: | No
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Agent: | Veritas Securities Ltd.
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Pricing date: | May 3
|
Stock symbol: | Australia: WPG
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Stock price: | A$0.65 at close May 3
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