New Issue: Alchemy Resources orchestrates A$2.5 million private placement of stock

By Devika Patel

Knoxville, Tenn., July 28 - Alchemy Resources Ltd. announced it will raise A$2.5 million in a private placement of shares.

The company will sell 13,875,000 shares. The first tranche of 6,875,000 shares will be sold at A$0.16 per share. The remaining 7 million shares will be sold at A$0.20 apiece.

Proceeds will be used for drilling, obtaining development approvals to commence mining, studies and working capital.

The gold explorer is based in West Perth, Australia.

Issuer:	Alchemy Resources Ltd.
Issue:	Ordinary shares
Amount:	A$2.5 million
Shares:	13,875,000
Price:	A$0.16 (for 6,875,000 shares), A$0.20 (for 7 million shares)
Warrants:	No
Pricing date:	July 28
Stock symbol:	Australia: ALY
Stock price:	A$0.23 at close July 27

© 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.