By Sheri Kasprzak
New York, Dec. 22 - Allied Gold Ltd. said it has arranged a private placement for up to A$10 million.
The company plans to sell up to 25 million shares at A$0.40 each to U.K.-based institutional and accredited investors, as well as fund managers.
Mirabaud Securities Ltd. is the placement agent.
Based in Welshpool, Western Australia, Allied is a gold exploration company.
| Issuer: | Allied Gold Ltd.
|
| Issue: | Stock
|
| Amount: | A$10 million
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| Shares: | 25 million
|
| Price: | A$0.40
|
| Warrants: | No
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| Placement agent: | Mirabaud Securities Ltd.
|
| Pricing date: | Dec. 22
|
| Stock price: | A$0.38 at close Dec. 22
|
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