By Sheri Kasprzak
New York, Feb. 16 - Allied Gold Ltd. said it has concluded a private placement for A$41,684,492.
The company sold 94,737,482 shares at A$0.44 each to a group of institutional investors that included Fidelity Australia, Rubicon Inc., M&G Investments and L-R Global Ltd.
Mirabaud Securities Ltd. and Hartleys Ltd. were the placement agents.
The proceeds from the deal will be used for the development of the Simberi oxide gold project.
Based in Welshpool, Western Australia, Allied is a gold exploration company.
| Issuer: | Allied Gold Ltd.
|
| Issue: | Stock
|
| Amount: | A$41,684,492
|
| Shares: | 94,737,482
|
| Price: | A$0.44
|
| Warrants: | No
|
| Investors: | Fidelity Australia, Rubicon Inc., M&G Investments and L-R Global Ltd.
|
| Placement agents: | Mirabaud Securities Ltd. and Hartleys Ltd.
|
| Settlement date: | Feb. 16
|
| Stock symbol: | Australia: ALD
|
| Stock price: | A$0.44 at close Feb. 16
|
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