Published on 4/21/2010 in the Prospect News PIPE Daily.
New Issue: African Aura sells £11.31 million of stock through private placement
By Devika Patel
Knoxville, Tenn., April 21 - African Aura Mining Inc. said it raised £11.31 million in a private placement of shares.
The company sold 17,398,770 common shares at 65p each.
Proceeds will be used for a bankable feasibility study on the New Liberty gold deposit, to deliver a maiden resource statement for the Nkout iron ore project, to deliver a NI 43-101 resource statement for the Weaju deposit and for working capital.
The iron ore and gold explorer is based in Vancouver, B.C.
| Issuer: | African Aura Mining Inc.
|
| Issue: | Common shares
|
| Amount: | £11,309,201
|
| Shares: | 17,398,770
|
| Price: | 65p
|
| Warrants: | No
|
| Settlement date: | April 21
|
| Stock symbol: | London: AAAM
|
| Stock price: | 77p at close April 21
|
| Market capitalization: | £36.5 million
|
© 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.
