By Laura Lutz
Des Moines, Sept. 19 - Extract Resources arranged a private placement of stock for A$2.405 million.
Sophisticated investors agreed to buy 37 million shares at A$0.065 each.
The company did not say how it plans to use the proceeds.
Extract is a mining and exploration company based in Perth, Western Australia.
| Issuer: | Extract Resources
|
| Issue: | Stock
|
| Amount: | A$2,405,000
|
| Shares: | 37 million
|
| Price: | A$0.065
|
| Warrants: | No
|
| Announcement date: | Sept. 19
|
| Stock symbol: | Australia: EXT
|
| Stock price: | A$0.075 at close on Sept. 19
|
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