By Laura Lutz
Washington, Dec. 6 - Elkedra Diamonds NL arranged a private placement of shares for A$3,625,500.
Sophisticated and professional investors, mostly from Europe, have agreed to buy 7,713,830 shares at A$0.47 each.
Tolhurst Noall Ltd. acted as manager for the deal.
Proceeds will be used for exploration at the company's Chapada project in Brazil and for working capital.
Elkedra is a diamond exploration company based in Subiaco, Australia.
Issuer: | Elkedra Diamonds NL
|
Issue: | Shares
|
Amount: | A$3,625,500
|
Shares: | 7,713,830
|
Price: | A$0.47
|
Warrants: | No
|
Manager: | Tolhurst Noall Ltd.
|
Pricing date: | Dec. 6
|
Stock symbol: | Australia: EDN
|
Stock price: | A$0.495 at close Dec. 6
|
© 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.